Barclays Boosts AECOM (NYSE:ACM) Price Target to $90.00

AECOM (NYSE:ACMGet Rating) had its target price hoisted by Barclays from $85.00 to $90.00 in a research report report published on Tuesday morning, The Fly reports. They currently have an overweight rating on the construction company’s stock.

A number of other research analysts also recently issued reports on ACM. Credit Suisse Group boosted their price target on AECOM from $81.00 to $95.00 and gave the company a neutral rating in a report on Tuesday, November 15th. Royal Bank of Canada upped their target price on AECOM from $87.00 to $91.00 and gave the stock an outperform rating in a research note on Tuesday, November 15th. Robert W. Baird upped their target price on AECOM from $83.00 to $90.00 and gave the stock an outperform rating in a research note on Tuesday, November 15th. StockNews.com began coverage on AECOM in a research note on Wednesday, October 12th. They set a buy rating for the company. Finally, Citigroup upped their target price on AECOM from $84.00 to $92.00 and gave the stock a buy rating in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $93.00.

AECOM Trading Up 0.2 %

Shares of NYSE:ACM opened at $83.89 on Tuesday. AECOM has a 12-month low of $60.74 and a 12-month high of $84.83. The company has a market capitalization of $11.63 billion, a PE ratio of 38.31, a PEG ratio of 1.65 and a beta of 1.34. The business has a 50 day moving average of $73.85 and a two-hundred day moving average of $70.94. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83.

AECOM (NYSE:ACMGet Rating) last announced its quarterly earnings results on Monday, November 14th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). AECOM had a net margin of 2.36% and a return on equity of 18.93%. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts forecast that AECOM will post 3.65 EPS for the current year.

AECOM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Wednesday, January 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.86%. This is a boost from AECOM’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, January 3rd. AECOM’s payout ratio is presently 27.40%.

Institutional Trading of AECOM

Several large investors have recently made changes to their positions in ACM. Pictet Asset Management SA increased its position in shares of AECOM by 23.3% during the second quarter. Pictet Asset Management SA now owns 5,473,012 shares of the construction company’s stock worth $356,976,000 after purchasing an additional 1,036,028 shares in the last quarter. Invesco Ltd. grew its holdings in AECOM by 39.2% in the 1st quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock valued at $265,478,000 after buying an additional 972,449 shares in the last quarter. Millennium Management LLC grew its holdings in AECOM by 120.4% in the 2nd quarter. Millennium Management LLC now owns 757,096 shares of the construction company’s stock valued at $49,378,000 after buying an additional 413,618 shares in the last quarter. Walleye Capital LLC purchased a new stake in AECOM in the 2nd quarter valued at $24,497,000. Finally, Point72 Asset Management L.P. grew its holdings in AECOM by 307.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 407,700 shares of the construction company’s stock valued at $27,874,000 after buying an additional 307,700 shares in the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

About AECOM

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AECOM engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment engages in planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.

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