AECOM (NYSE:ACM) Price Target Increased to $105.00 by Analysts at KeyCorp

AECOM (NYSE:ACM) had its price objective upped by KeyCorp from $104.00 to $105.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

ACM has been the topic of several other research reports. Royal Bank of Canada reiterated an outperform rating and issued a $109.00 price objective on shares of AECOM in a research note on Wednesday, February 7th. Truist Financial started coverage on shares of AECOM in a research note on Thursday, March 14th. They issued a buy rating and a $106.00 price objective on the stock. Barclays increased their target price on shares of AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Robert W. Baird increased their target price on shares of AECOM from $100.00 to $103.00 and gave the stock an outperform rating in a report on Tuesday, February 6th. Finally, TheStreet raised shares of AECOM from a c+ rating to a b rating in a report on Monday, February 5th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $102.14.

AECOM Price Performance

Shares of NYSE:ACM opened at $93.38 on Friday. The firm’s 50 day moving average price is $92.73 and its 200-day moving average price is $88.52. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.70 billion, a PE ratio of 207.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The firm had revenue of $3.90 billion for the quarter. During the same quarter last year, the company earned $0.86 EPS. Equities research analysts expect that AECOM will post 4.45 EPS for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is currently 195.56%.

Institutional Investors Weigh In On AECOM

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in AECOM by 17.7% during the 1st quarter. BlackRock Inc. now owns 15,881,712 shares of the construction company’s stock valued at $1,339,146,000 after buying an additional 2,384,361 shares in the last quarter. State Street Corp grew its holdings in AECOM by 5.9% during the 2nd quarter. State Street Corp now owns 4,833,820 shares of the construction company’s stock valued at $409,376,000 after buying an additional 269,202 shares in the last quarter. Invesco Ltd. grew its holdings in AECOM by 39.2% during 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. Moneta Group Investment Advisors LLC grew its holdings in AECOM by 106,750.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company’s stock valued at $290,666,000 after buying an additional 3,419,215 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in AECOM by 106.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,315,066 shares of the construction company’s stock valued at $279,525,000 after buying an additional 1,709,275 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other 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.