AECOM (NYSE:ACM) Price Target Cut to $107.00 by Analysts at Truist Financial

AECOM (NYSE:ACM) had its price target reduced by Truist Financial from $113.00 to $107.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

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

AECOM Price Performance

NYSE ACM opened at $85.65 on Tuesday. The company has a market capitalization of $11.66 billion, a PE ratio of -951.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06. The business’s fifty day moving average is $89.52 and its 200 day moving average is $90.86. AECOM has a fifty-two week low of $74.40 and a fifty-two week high of $98.72.

AECOM (NYSE:ACM) last released its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm posted $0.92 earnings per share. AECOM’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts predict that AECOM will post 4.49 earnings per share for the current year.

AECOM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.88 annualized dividend and a yield of 1.03%. AECOM’s payout ratio is currently -977.67%.

Insiders Place Their Bets

In other AECOM news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction that occurred 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 directly owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Findlay Park Partners LLP grew its stake 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 valued at $251,215,000 after buying an additional 472,944 shares during the last quarter. Norges Bank bought a new position in shares of AECOM during the fourth quarter valued at approximately $159,060,000. Jacobs Levy Equity Management Inc. grew its stake in shares of AECOM by 2.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock valued at $96,141,000 after buying an additional 26,079 shares during the last quarter. First Trust Advisors LP grew its stake in shares of AECOM by 9.9% during the fourth quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock valued at $81,935,000 after buying an additional 79,760 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of AECOM by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 886,328 shares of the construction company’s stock valued at $81,923,000 after buying an additional 22,596 shares during the last quarter. Institutional investors 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.