AECOM (NYSE:ACM) Reaches New 1-Year High at $99.29

AECOM (NYSE:ACM) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $99.29 and last traded at $99.29, with a volume of 28536 shares changing hands. The stock had previously closed at $98.16.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Truist Financial reissued a “buy” rating and set a $108.00 target price (up previously from $107.00) on shares of AECOM in a research note on Wednesday, August 7th. UBS Group increased their target price on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Royal Bank of Canada lifted their price target on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. KeyCorp boosted their price target on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Citigroup decreased their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $105.00.

AECOM Price Performance

The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day simple moving average of $90.25 and a two-hundred day simple moving average of $91.07. The company has a market cap of $13.56 billion, a price-to-earnings ratio of -1,097.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that AECOM will post 4.42 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.88 annualized dividend and a dividend yield of 0.88%. AECOM’s dividend payout ratio (DPR) is -977.78%.

Institutional Trading of AECOM

Several institutional investors have recently made changes to their positions in the company. Truist Financial Corp increased its position in shares of AECOM by 25.3% during the second quarter. Truist Financial Corp now owns 5,076 shares of the construction company’s stock valued at $447,000 after acquiring an additional 1,026 shares during the last quarter. Creative Planning grew its stake in shares of AECOM by 4.3% in the second quarter. Creative Planning now owns 20,849 shares of the construction company’s stock valued at $1,838,000 after buying an additional 850 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in AECOM by 12.5% during the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock valued at $936,000 after acquiring an additional 1,180 shares during the period. MBB Public Markets I LLC increased its stake in AECOM by 323.8% during the second quarter. MBB Public Markets I LLC now owns 9,490 shares of the construction company’s stock worth $836,000 after purchasing an additional 7,251 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of AECOM by 81.0% in the second quarter. AQR Capital Management LLC now owns 362,817 shares of the construction company’s stock valued at $31,979,000 after purchasing an additional 162,416 shares in the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

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.