AECOM (NYSE:ACM) Given New $109.00 Price Target at KeyCorp

AECOM (NYSE:ACM) had its price target reduced by KeyCorp from $121.00 to $109.00 in a research note published on Wednesday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

ACM has been the topic of a number of other reports. Citigroup dropped their price target on shares of AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Barclays raised their target price on shares of AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Robert W. Baird cut their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, Truist Financial decreased their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $117.88.

AECOM Price Performance

Shares of ACM opened at $93.20 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The firm has a 50-day simple moving average of $95.93 and a 200-day simple moving average of $104.26. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities research analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.12%. AECOM’s dividend payout ratio (DPR) is 29.55%.

Institutional Trading of AECOM

Institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its stake in shares of AECOM by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock valued at $397,196,000 after purchasing an additional 373,991 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AECOM by 34.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company’s stock valued at $286,305,000 after acquiring an additional 691,020 shares in the last quarter. Norges Bank bought a new position in shares of AECOM in the 4th quarter worth about $190,495,000. Northern Trust Corp boosted its stake in AECOM by 53.5% in the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company’s stock valued at $177,844,000 after acquiring an additional 580,078 shares during the period. Finally, FMR LLC boosted its position in AECOM by 2.9% during the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company’s stock valued at $145,330,000 after purchasing an additional 38,177 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Company Profile

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.