Truist Financial Trims AECOM (NYSE:ACM) Target Price to $107.00

AECOM (NYSE:ACM) had its price objective trimmed by Truist Financial from $113.00 to $107.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other analysts also recently commented on the company. Robert W. Baird upped their price objective on AECOM from $104.00 to $110.00 and gave the company an outperform rating in a research note on Tuesday, May 7th. KeyCorp increased their target price on AECOM from $104.00 to $105.00 and gave the stock an overweight rating in a research note on Friday, April 19th. Citigroup increased their target price on AECOM from $107.00 to $116.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, UBS Group increased their target price on AECOM from $105.00 to $106.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and a consensus target price of $106.50.

AECOM Trading Up 1.8 %

NYSE:ACM opened at $86.97 on Tuesday. The stock has a 50-day simple moving average of $89.24 and a 200-day simple moving average of $90.81. The stock has a market cap of $11.84 billion, a P/E ratio of -966.23, a P/E/G ratio of 1.20 and a beta of 1.17. AECOM has a 1 year low of $74.40 and a 1 year high of $98.72. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (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%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, analysts anticipate that AECOM will post 4.49 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Wednesday, July 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, July 3rd. AECOM’s dividend payout ratio is currently -977.67%.

Insider Buying and Selling at AECOM

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

Institutional Investors Weigh In On AECOM

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of AECOM during the fourth quarter worth $159,060,000. Findlay Park Partners LLP boosted its holdings in shares of AECOM by 22.6% during the first quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of AECOM by 451.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock worth $47,617,000 after purchasing an additional 394,481 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of AECOM by 1,170.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 240,512 shares of the construction company’s stock worth $23,589,000 after purchasing an additional 221,588 shares during the last quarter. Finally, Payden & Rygel Investment Group acquired a new stake in shares of AECOM during the first quarter worth $15,641,000. Institutional investors and hedge funds 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.