AECOM (NYSE:ACM) Price Target Lowered to $121.00 at KeyCorp

AECOM (NYSE:ACM - Free Report) had its price objective cut by KeyCorp from $122.00 to $121.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the construction company's stock.

Several other equities research analysts have also weighed in on ACM. Robert W. Baird boosted their target price on AECOM from $113.00 to $122.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. The Goldman Sachs Group began coverage on shares of AECOM in a report on Friday, November 22nd. They set a "buy" rating and a $130.00 price objective for the company. Citigroup lifted their target price on shares of AECOM from $110.00 to $128.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Truist Financial upped their price target on shares of AECOM from $119.00 to $129.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Finally, StockNews.com upgraded shares of AECOM from a "hold" rating to a "buy" rating in a research note on Sunday, October 27th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has an average rating of "Buy" and a consensus target price of $119.25.

AECOM Stock Up 0.0 %

NYSE ACM traded up $0.04 during trading on Wednesday, reaching $107.18. The company's stock had a trading volume of 967,839 shares, compared to its average volume of 615,488. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $14.20 billion, a PE ratio of 36.21, a PEG ratio of 1.92 and a beta of 1.19. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The business has a 50-day moving average price of $110.69 and a 200-day moving average price of $101.36.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the prior year, the company posted $1.01 earnings per share. AECOM's revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its Board of Directors has initiated a share buyback plan on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. This is a boost from AECOM's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. AECOM's dividend payout ratio is 35.14%.

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the sale, the chief financial officer now directly owns 31,228 shares of the company's stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of AECOM

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of AECOM by 5.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company's stock worth $206,176,000 after acquiring an additional 122,015 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AECOM by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company's stock worth $233,918,000 after acquiring an additional 14,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AECOM by 17.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company's stock valued at $205,429,000 after acquiring an additional 289,513 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in AECOM by 67.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company's stock worth $71,897,000 after purchasing an additional 326,423 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company's stock worth $79,339,000 after purchasing an additional 220,035 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.