AECOM (NYSE:ACM) PT Lowered to $96.00 at Robert W. Baird

AECOM (NYSE:ACM) had its price target trimmed by Robert W. Baird from $110.00 to $96.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

A number of other analysts have also recently issued reports on the stock. UBS Group raised their target price on shares of AECOM from $105.00 to $106.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. Citigroup boosted their price objective on AECOM from $107.00 to $116.00 and gave the stock a buy rating in a report on Monday, April 22nd. KeyCorp upped their target price on AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research report on Friday, April 19th. Finally, Truist Financial dropped their price target on AECOM from $113.00 to $107.00 and set a buy rating for the company in a report on Tuesday, July 2nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has an average rating of Buy and a consensus price target of $104.75.

AECOM Price Performance

Shares of NYSE ACM opened at $86.16 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average price is $88.29 and its two-hundred day moving average price is $90.51. The company has a market cap of $11.73 billion, a PE ratio of -957.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.17. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72.

AECOM (NYSE:ACM) last posted its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, analysts predict that AECOM will post 4.47 EPS 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 dividend on an annualized basis and a yield of 1.02%. AECOM’s dividend payout ratio (DPR) is presently -977.67%.

Insider Buying and Selling at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the completion of the sale, the director now owns 34,667 shares of the company’s stock, valued at $3,241,711.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Findlay Park Partners LLP increased its stake in shares of AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after purchasing an additional 472,944 shares during the last quarter. Norges Bank acquired a new stake in AECOM in the fourth quarter valued at about $159,060,000. Jacobs Levy Equity Management Inc. grew its position in AECOM by 2.7% in 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 acquiring an additional 26,079 shares during the last quarter. First Trust Advisors LP raised its stake in AECOM by 9.9% during the fourth quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock worth $81,935,000 after acquiring an additional 79,760 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of AECOM by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 886,328 shares of the construction company’s stock worth $81,923,000 after acquiring an additional 22,596 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.