AECOM (NYSE:ACM) Given New $117.00 Price Target at Robert W. Baird

AECOM (NYSE:ACM) had its price objective trimmed by Robert W. Baird from $125.00 to $117.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

ACM has been the topic of a number of other research reports. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target on the stock. Citigroup lowered 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. KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial upped their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $118.50.

AECOM Stock Performance

ACM opened at $104.22 on Tuesday. AECOM has a 52-week low of $82.23 and a 52-week high of $118.56. The firm has a market capitalization of $13.82 billion, a PE ratio of 35.21, a PEG ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day simple moving average is $109.34 and its 200 day simple moving average is $104.20.

AECOM (NYSE:ACM) last released its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. As a group, sell-side analysts expect that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is currently 29.55%.

AECOM announced that its Board of Directors has initiated a share buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On AECOM

A number of large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in AECOM by 1.5% during the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after buying an additional 91 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in AECOM by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after purchasing an additional 103 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in AECOM by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after purchasing an additional 109 shares during the last quarter. Avitas Wealth Management LLC lifted its stake in AECOM by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 110 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

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.