AECOM (NYSE:ACM) Given New $122.00 Price Target at KeyCorp

AECOM (NYSE:ACM) had its target price boosted by KeyCorp from $115.00 to $122.00 in a report released on Thursday morning,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

A number of other research analysts have also issued reports on the stock. Barclays increased their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Truist Financial increased their price target on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Robert W. Baird lifted their price objective on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Finally, Citigroup raised their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $113.29.

AECOM Trading Down 0.3 %

Shares of AECOM stock opened at $110.39 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day moving average of $103.29 and a 200-day moving average of $95.06. AECOM has a 52-week low of $78.11 and a 52-week high of $115.74. The stock has a market cap of $14.80 billion, a PE ratio of 59.35, a PEG ratio of 1.72 and a beta of 1.17.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. AECOM’s dividend payout ratio is currently 47.31%.

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the transaction, the chief financial officer now owns 31,228 shares in the company, valued at $3,601,837.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AECOM

Hedge funds have recently made changes to their positions in the stock. Ninety One UK Ltd bought a new position in AECOM in the 2nd quarter valued at approximately $46,109,000. International Assets Investment Management LLC bought a new position in shares of AECOM in the 3rd quarter valued at $42,201,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of AECOM by 451.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock valued at $47,617,000 after acquiring an additional 394,481 shares in the last quarter. Bank of New York Mellon Corp grew its position in AECOM by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after acquiring an additional 258,250 shares during the last quarter. Finally, Impax Asset Management Group plc increased its holdings in AECOM by 15.5% in the 2nd quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after purchasing an additional 235,350 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.