AECOM (NYSE:ACM) Reaches New 12-Month High at $102.27

Shares of AECOM (NYSE:ACM) reached a new 52-week high during trading on Monday . The company traded as high as $102.27 and last traded at $101.89, with a volume of 272608 shares traded. The stock had previously closed at $101.19.

Analyst Ratings Changes

Several research firms have commented on ACM. Barclays upped their price objective on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reiterated a “buy” rating and set a $108.00 target price (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. Robert W. Baird boosted their price target on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Citigroup lowered their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM has an average rating of “Buy” and a consensus price target of $105.00.

AECOM Stock Performance

The stock has a 50 day simple moving average of $94.62 and a 200 day simple moving average of $92.31. The stock has a market cap of $13.88 billion, a P/E ratio of -1,124.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. AECOM’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Institutional Investors Weigh In On AECOM

A number of large investors have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in shares of AECOM during the 1st quarter worth $1,085,000. Janney Montgomery Scott LLC raised its stake in AECOM by 1,082.9% during the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock worth $3,411,000 after acquiring an additional 31,838 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in AECOM by 102.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after acquiring an additional 117,646 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of AECOM by 1,717.1% in the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after acquiring an additional 154,483 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in shares of AECOM in the 1st quarter valued at approximately $741,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

About AECOM

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.