AECOM (NYSE:ACM – Get Rating) had its price objective lifted by KeyCorp from $91.00 to $100.00 in a report published on Tuesday, The Fly reports. The brokerage currently has an overweight rating on the construction company’s stock.
Several other analysts also recently weighed in on the company. Credit Suisse Group upgraded AECOM from a neutral rating to an outperform rating and upped their price objective for the stock from $95.00 to $98.00 in a research report on Thursday, January 12th. Robert W. Baird lifted their price target on shares of AECOM from $83.00 to $90.00 and gave the company an outperform rating in a report on Tuesday, November 15th. UBS Group set a $94.00 price objective on shares of AECOM in a research note on Wednesday, November 23rd. Royal Bank of Canada boosted their target price on shares of AECOM from $87.00 to $91.00 and gave the stock an outperform rating in a research note on Tuesday, November 15th. Finally, Barclays upped their target price on AECOM from $90.00 to $94.00 and gave the stock an overweight rating in a report on Friday, January 13th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and an average price target of $92.63.
AECOM Stock Performance
NYSE:ACM opened at $86.58 on Tuesday. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 39.53, a PEG ratio of 1.70 and a beta of 1.32. AECOM has a fifty-two week low of $60.74 and a fifty-two week high of $88.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a fifty day moving average price of $83.35 and a 200-day moving average price of $75.65.
AECOM Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Wednesday, January 4th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, January 3rd. This is a boost from AECOM’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 0.83%. AECOM’s dividend payout ratio is 32.88%.
Insider Buying and Selling
In other news, CEO Troy Rudd sold 139,308 shares of the business’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $82.51, for a total value of $11,494,303.08. Following the transaction, the chief executive officer now directly owns 183,237 shares of the company’s stock, valued at approximately $15,118,884.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AECOM news, CEO Troy Rudd sold 139,308 shares of AECOM stock in a transaction on Friday, December 16th. The shares were sold at an average price of $82.51, for a total value of $11,494,303.08. Following the completion of the sale, the chief executive officer now directly owns 183,237 shares of the company’s stock, valued at $15,118,884.87. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Lara Poloni sold 6,498 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $83.10, for a total value of $539,983.80. Following the completion of the sale, the president now owns 73,351 shares of the company’s stock, valued at $6,095,468.10. The disclosure for this sale can be found here. Insiders sold 148,606 shares of company stock valued at $12,269,375 over the last quarter. Insiders own 0.41% of the company’s stock.
Hedge Funds Weigh In On AECOM
Several large investors have recently bought and sold shares of the stock. HighTower Advisors LLC grew its position in shares of AECOM by 31.9% during the 1st quarter. HighTower Advisors LLC now owns 5,704 shares of the construction company’s stock valued at $436,000 after purchasing an additional 1,378 shares in the last quarter. Bank of Montreal Can increased its position in shares of AECOM by 3.5% during the first quarter. Bank of Montreal Can now owns 34,177 shares of the construction company’s stock valued at $2,676,000 after buying an additional 1,162 shares during the period. Aviva PLC increased its position in shares of AECOM by 26.6% during the first quarter. Aviva PLC now owns 22,872 shares of the construction company’s stock valued at $1,757,000 after buying an additional 4,799 shares during the period. Cetera Investment Advisers grew its holdings in AECOM by 3.0% in the first quarter. Cetera Investment Advisers now owns 9,119 shares of the construction company’s stock worth $700,000 after purchasing an additional 264 shares during the period. Finally, Covestor Ltd grew its holdings in AECOM by 1,261.6% in the first quarter. Covestor Ltd now owns 1,525 shares of the construction company’s stock worth $117,000 after purchasing an additional 1,413 shares during the period. 84.26% of the stock is currently owned by institutional investors.
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 commercial and government clients.
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