AECOM (NYSE:ACM) Price Target Lowered to $109.00 at KeyCorp

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

Several other analysts have also recently issued reports on the company. Robert W. Baird reduced their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Citigroup reduced their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Barclays boosted their price objective on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Truist Financial reduced their target price on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $117.88.

AECOM Stock Performance

NYSE ACM opened at $93.20 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $12.36 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.63 and a beta of 1.03. The stock has a 50-day moving average of $95.93 and a two-hundred day moving average of $104.26. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56.

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

AECOM Announces Dividend

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

Institutional Trading of AECOM

Several institutional investors have recently modified their holdings of ACM. Franklin Resources Inc. raised its stake in AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after acquiring an additional 91 shares in the last quarter. Ranch Capital Advisors Inc. increased its position in shares of AECOM by 2.3% during the fourth quarter. Ranch Capital Advisors Inc. now owns 4,482 shares of the construction company’s stock worth $479,000 after purchasing an additional 99 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of AECOM by 17.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 691 shares of the construction company’s stock worth $74,000 after purchasing an additional 103 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of AECOM by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after purchasing an additional 109 shares during the last quarter. Finally, Avitas Wealth Management LLC boosted its position in shares of AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock valued at $2,023,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

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.