AECOM (NYSE:ACM) Price Target Increased to $106.00 by Analysts at UBS Group

AECOM (NYSE:ACM) had its target price boosted by UBS Group from $105.00 to $106.00 in a report published on Thursday morning, MarketBeat reports. They currently have a buy rating on the construction company’s stock.

A number of other equities analysts have also commented on ACM. Robert W. Baird boosted their price target on shares of AECOM from $104.00 to $110.00 and gave the company an outperform rating in a research report on Tuesday, May 7th. Citigroup upped their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Barclays upped their target price on shares of AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Truist Financial reiterated a buy rating and set a $113.00 target price (up from $106.00) on shares of AECOM in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada reiterated an outperform rating and set a $109.00 target price on shares of AECOM in a research report on Wednesday, February 7th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $107.25.

AECOM Price Performance

NYSE:ACM opened at $89.00 on Thursday. The firm has a market cap of $12.12 billion, a PE ratio of -988.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $93.99 and its two-hundred day moving average price is $90.85.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. AECOM’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. On average, equities analysts anticipate that AECOM will post 4.49 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Wednesday, April 24th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is -977.67%.

Insider Buying and Selling

In related news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the sale, the director now directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AECOM

A number of institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in AECOM in the fourth quarter valued at approximately $159,060,000. Findlay Park Partners LLP increased its stake in AECOM by 22.6% in the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after purchasing an additional 472,944 shares in the last quarter. Payden & Rygel Investment Group bought a new stake in AECOM in the third quarter valued at approximately $24,669,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in AECOM by 1,170.9% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 240,512 shares of the construction company’s stock valued at $23,589,000 after purchasing an additional 221,588 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in AECOM by 1,717.1% in the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock valued at $16,034,000 after purchasing an additional 154,483 shares in the last quarter. 85.41% of the stock is owned by institutional investors.

About AECOM

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.