AECOM (NYSE:ACM) Price Target Lowered to $117.00 at Robert W. Baird

AECOM (NYSE:ACM) had its target price trimmed by Robert W. Baird from $125.00 to $117.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

A number of other analysts also recently weighed in on ACM. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Citigroup decreased their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp decreased their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $118.50.

AECOM Stock Up 0.4 %

Shares of ACM opened at $104.22 on Tuesday. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average of $109.34 and a 200-day moving average of $104.20.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. As a group, sell-side analysts anticipate that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM announced that its Board of Directors has approved a share repurchase plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

AECOM Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, January 2nd. AECOM’s payout ratio is presently 29.55%.

Institutional Trading of AECOM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sierra Capital LLC increased its position in AECOM by 3.0% in the 4th quarter. Sierra Capital LLC now owns 5,676 shares of the construction company’s stock valued at $606,000 after buying an additional 167 shares in the last quarter. IFP Advisors Inc increased its holdings in AECOM by 1,409.7% during the 4th quarter. IFP Advisors Inc now owns 2,174 shares of the construction company’s stock worth $232,000 after purchasing an additional 2,030 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in AECOM during the 4th quarter worth approximately $572,000. Navellier & Associates Inc. bought a new stake in AECOM during the 4th quarter worth approximately $3,956,000. Finally, ING Groep NV increased its holdings in AECOM by 112.6% during the 4th quarter. ING Groep NV now owns 57,400 shares of the construction company’s stock worth $6,131,000 after purchasing an additional 30,400 shares in the last quarter. 85.41% 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 public and private clients.