StockNews.com Lowers AECOM (NYSE:ACM) to Hold

StockNews.com downgraded shares of AECOM (NYSE:ACM) from a buy rating to a hold rating in a research report sent to investors on Thursday.

ACM has been the topic of a number of other research reports. Barclays raised their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an overweight rating in a report on Thursday, August 8th. KeyCorp boosted their price target on AECOM from $99.00 to $115.00 and gave the company an overweight rating in a report on Monday, October 7th. Truist Financial increased their price objective on AECOM from $108.00 to $119.00 and gave the stock a buy rating in a report on Friday, October 4th. Royal Bank of Canada boosted their target price on AECOM from $112.00 to $113.00 and gave the company an outperform rating in a research note on Wednesday, August 7th. Finally, Citigroup dropped their price target on AECOM from $116.00 to $104.00 and set a buy rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $108.86.

AECOM Stock Up 1.6 %

Shares of NYSE:ACM opened at $105.82 on Thursday. The stock has a market capitalization of $14.40 billion, a P/E ratio of -1,175.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The stock’s 50-day moving average price is $98.77 and its 200-day moving average price is $93.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 12-month low of $74.40 and a 12-month high of $106.00.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. On average, equities analysts anticipate that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. AECOM’s dividend payout ratio (DPR) is -977.78%.

Hedge Funds Weigh In On AECOM

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACM. Quarry LP purchased a new position in AECOM during the 4th quarter valued at about $50,000. V Square Quantitative Management LLC lifted its holdings in shares of AECOM by 72.4% during the fourth quarter. V Square Quantitative Management LLC now owns 1,457 shares of the construction company’s stock valued at $135,000 after purchasing an additional 612 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of AECOM by 3.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 431,875 shares of the construction company’s stock worth $39,918,000 after purchasing an additional 13,986 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of AECOM in the 4th quarter worth approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. bought a new position in AECOM during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors 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.