KeyCorp Issues Positive Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its target price lifted by KeyCorp from $115.00 to $122.00 in a research report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

ACM has been the subject of several other research reports. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Truist Financial upped their price target on AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a report on Friday, October 4th. Barclays lifted their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Robert W. Baird upped their target price on shares of AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada raised their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $113.29.

AECOM Trading Down 0.3 %

Shares of AECOM stock traded down $0.33 during trading on Thursday, reaching $110.39. 1,232,060 shares of the stock were exchanged, compared to its average volume of 787,433. AECOM has a 1 year low of $78.11 and a 1 year high of $115.74. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 59.53, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock’s fifty day moving average is $103.09 and its 200 day moving average is $94.92.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. The company 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 firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. As a group, equities research analysts expect that AECOM will post 4.46 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Wednesday, October 2nd. AECOM’s payout ratio is 47.31%.

Insider Buying and Selling at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the sale, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its position in shares of AECOM by 12.5% in the second 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 in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of AECOM during the first quarter worth $1,085,000. Janney Montgomery Scott LLC raised its position in shares of AECOM by 1,082.9% in the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after buying an additional 31,838 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of AECOM by 102.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after buying an additional 117,646 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in AECOM by 1,717.1% during the first quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after acquiring an additional 154,483 shares during the last quarter. 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.