StockNews.com Lowers AECOM (NYSE:ACM) to Hold

StockNews.com downgraded shares of AECOM (NYSE:ACM) from a buy rating to a hold rating in a research note released on Thursday.

A number of other analysts have also recently commented on ACM. Barclays upped their price target on AECOM from $100.00 to $105.00 and gave the company an overweight rating in a research note on Thursday, August 8th. KeyCorp increased their target price on shares of AECOM from $99.00 to $115.00 and gave the stock an overweight rating in a report on Monday, October 7th. Citigroup decreased their price target on shares of AECOM from $116.00 to $104.00 and set a buy rating for the company in a report on Monday, July 22nd. Royal Bank of Canada raised their price objective on AECOM from $112.00 to $113.00 and gave the stock an outperform rating in a research note on Wednesday, August 7th. Finally, Truist Financial boosted their target price on AECOM from $108.00 to $119.00 and gave the company a buy rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $108.86.

AECOM Price Performance

Shares of ACM stock opened at $105.82 on Thursday. The firm’s 50 day moving average price is $98.77 and its two-hundred day moving average price is $93.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a 52-week low of $74.40 and a 52-week high of $106.00. The stock has a market cap of $14.40 billion, a PE ratio of -1,175.78, a PEG ratio of 1.58 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share 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 company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts forecast that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.83%. AECOM’s payout ratio is presently -977.78%.

Institutional Trading of AECOM

A number of hedge funds and other institutional investors have recently made changes to their positions in ACM. CreativeOne Wealth LLC increased its stake in AECOM by 3.4% in the 1st quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock valued at $336,000 after buying an additional 114 shares during the last quarter. Fifth Third Bancorp increased its position in shares of AECOM by 6.7% in the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock valued at $159,000 after acquiring an additional 114 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in AECOM by 4.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock worth $273,000 after acquiring an additional 138 shares in the last quarter. Nilsine Partners LLC boosted its position in AECOM by 1.1% during the second quarter. Nilsine Partners LLC now owns 13,981 shares of the construction company’s stock valued at $1,232,000 after purchasing an additional 152 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in AECOM by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,338 shares of the construction company’s stock valued at $294,000 after purchasing an additional 167 shares in 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.