Robert W. Baird Raises AECOM (NYSE:ACM) Price Target to $110.00

AECOM (NYSE:ACM) had its target price increased by Robert W. Baird from $104.00 to $110.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

Several other equities analysts have also weighed in on the company. Citigroup lifted their price target on AECOM from $107.00 to $116.00 and gave the company a buy rating in a research note on Monday, April 22nd. KeyCorp increased their price objective on shares of AECOM from $104.00 to $105.00 and gave the company an overweight rating in a report on Friday, April 19th. Truist Financial started coverage on shares of AECOM in a research report on Thursday, March 14th. They issued a buy rating and a $106.00 target price on the stock. Royal Bank of Canada restated an outperform rating and set a $109.00 price target on shares of AECOM in a research report on Wednesday, February 7th. Finally, Barclays lifted their price objective on AECOM from $90.00 to $100.00 and gave the stock an overweight rating in a report on Tuesday, February 13th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and an average target price of $106.43.

AECOM Trading Down 3.2 %

Shares of NYSE:ACM opened at $93.18 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. AECOM has a 12-month low of $74.40 and a 12-month high of $98.72. The business has a 50 day moving average of $93.90 and a two-hundred day moving average of $89.77. The company has a market capitalization of $12.67 billion, a PE ratio of 207.07, a PEG ratio of 1.41 and a beta of 1.23.

AECOM (NYSE:ACM) last posted its earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. As a group, analysts forecast that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is 195.56%.

Hedge Funds Weigh In On AECOM

Institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of AECOM in the 4th quarter valued at about $159,060,000. Findlay Park Partners LLP lifted its position in shares of AECOM by 22.6% during the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock worth $251,215,000 after purchasing an additional 472,944 shares during the last quarter. Payden & Rygel Investment Group acquired a new position in shares of AECOM during the third quarter worth $24,669,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of AECOM by 1,170.9% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 240,512 shares of the construction company’s stock worth $23,589,000 after purchasing an additional 221,588 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in AECOM by 1,717.1% in the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock valued at $16,034,000 after buying an additional 154,483 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

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.