AECOM (NYSE:ACM) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of AECOM (NYSE:ACM – Get Rating) from a buy rating to a hold rating in a report published on Tuesday morning.

ACM has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on AECOM from $94.00 to $102.00 in a report on Wednesday, February 8th. Credit Suisse Group raised AECOM from a neutral rating to an outperform rating and boosted their price objective for the stock from $95.00 to $98.00 in a research report on Thursday, January 12th. Robert W. Baird cut their price objective on AECOM from $103.00 to $100.00 in a research report on Tuesday. KeyCorp boosted their price objective on AECOM from $91.00 to $100.00 and gave the stock an overweight rating in a research report on Tuesday, January 17th. Finally, Barclays boosted their price objective on AECOM from $90.00 to $94.00 and gave the stock an overweight rating in a research report on Friday, January 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, AECOM has a consensus rating of Moderate Buy and an average price target of $99.00.

AECOM Price Performance

Shares of ACM opened at $80.15 on Tuesday. AECOM has a 1 year low of $60.74 and a 1 year high of $92.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The business has a 50-day moving average of $83.39 and a 200-day moving average of $83.62.

AECOM (NYSE:ACM – Get Rating) last issued its quarterly earnings data on Monday, May 8th. The construction company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.38 billion. AECOM had a return on equity of 18.50% and a net margin of 2.54%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. As a group, equities research analysts anticipate that AECOM will post 3.67 earnings per share for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Wednesday, April 5th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, April 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.90%. AECOM’s payout ratio is presently 30.13%.

Institutional Trading of AECOM

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in shares of AECOM by 20.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 805 shares of the construction company’s stock valued at $55,000 after purchasing an additional 136 shares during the period. Massmutual Trust Co. FSB ADV raised its stake in shares of AECOM by 80.9% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 360 shares of the construction company’s stock valued at $30,000 after purchasing an additional 161 shares during the period. Deseret Mutual Benefit Administrators raised its stake in shares of AECOM by 6.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,771 shares of the construction company’s stock valued at $189,000 after purchasing an additional 163 shares during the period. State of Alaska Department of Revenue raised its stake in shares of AECOM by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 19,545 shares of the construction company’s stock valued at $1,659,000 after purchasing an additional 175 shares during the period. Finally, CWM LLC raised its stake in shares of AECOM by 12.9% during the 4th quarter. CWM LLC now owns 1,632 shares of the construction company’s stock valued at $139,000 after purchasing an additional 187 shares during the period. 84.26% of the stock is currently owned by institutional investors.

AECOM Company Profile

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AECOM engages in the design, manufacture, financing, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment deals with planning, consulting, architectural and engineering design and construction management services to commercial and government clients in the United States, Canada and Latin America in major end markets such as transportation, water, government, facilities, environmental and energy.