AECOM (NYSE:ACM – Get Free Report) has been given an average recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $97.43.
Several equities research analysts recently weighed in on ACM shares. StockNews.com lowered AECOM from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Citigroup dropped their target price on AECOM from $105.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, October 23rd. Finally, Credit Suisse Group dropped their target price on AECOM from $101.00 to $99.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th.
AECOM Trading Up 0.2 %
AECOM (NYSE:ACM – Get Free Report) last released its quarterly earnings results on Monday, November 13th. The construction company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. AECOM had a return on equity of 19.02% and a net margin of 0.97%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue was down 49.6% on a year-over-year basis. Research analysts forecast that AECOM will post 3.71 earnings per share for the current fiscal year.
AECOM Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.22 per share. This is an increase from AECOM’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.09%. AECOM’s dividend payout ratio is presently 75.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Advisors Ltd. LLC increased its position in AECOM by 3,000.0% during the second quarter. Capital Advisors Ltd. LLC now owns 310 shares of the construction company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in AECOM during the first quarter valued at $25,000. Janiczek Wealth Management LLC purchased a new stake in AECOM during the third quarter valued at $28,000. Bessemer Group Inc. increased its position in AECOM by 96.3% during the first quarter. Bessemer Group Inc. now owns 371 shares of the construction company’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in AECOM during the third quarter valued at $38,000. 84.79% of the stock is owned by institutional investors.
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 commercial and government clients.
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