AECOM (NYSE:ACM) Stock Now Rated “Moderate Buy” by Wall Street Analysts

AECOM (NYSE:ACM) has been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $80.73.

Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of AECOM in a research report on Tuesday. KeyCorp lowered their target price on AECOM from $79.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Bank of America dropped their target price on AECOM from $94.50 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Robert W. Baird reduced their price target on AECOM from $73.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Finally, The Goldman Sachs Group set a $91.00 price target on AECOM in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of AECOM during the second quarter worth about $1,003,699,000. Primecap Management Co. CA acquired a new position in shares of AECOM in the second quarter worth about $613,336,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in AECOM in the second quarter valued at about $383,701,000. The Manufacturers Life Insurance Company purchased a new position in AECOM in the second quarter valued at about $94,429,000. Finally, Bank of New York Mellon Corp purchased a new position in AECOM in the second quarter valued at about $79,519,000. 85.41% of the stock is owned by institutional investors and hedge funds.

AECOM Stock Up 0.6%

NYSE ACM traded up $0.39 during trading hours on Friday, hitting $70.50. The company had a trading volume of 1,214,912 shares, compared to its average volume of 1,246,264. The firm’s 50 day moving average is $62.58 and its 200 day moving average is $74.84. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.06 and a quick ratio of 1.06. AECOM has a fifty-two week low of $56.39 and a fifty-two week high of $134.36. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 1.27 and a beta of 0.90.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, October 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. AECOM’s dividend payout ratio (DPR) is currently 56.88%.

About AECOM

AECOM is an infrastructure consulting firm that provides planning, design, engineering, architecture, program management, and environmental services. It works with public- and private-sector clients on projects involving transportation, water, buildings, energy, and other infrastructure. The company supports projects across their life cycles, from early planning and design through construction management and operations. Its services include environmental assessment and remediation, engineering and technical consulting, and management of large-scale infrastructure programs.