AECOM (ACM) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of AECOM (NYSE: ACM) recently:

• 10/22/2024 – AECOM had its price target raised by analysts at Citigroup Inc. from $110.00 to $128.00. They now have a “buy” rating on the stock.
• 10/19/2024 – AECOM was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/10/2024 – AECOM was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/7/2024 – AECOM had its price target raised by analysts at KeyCorp from $99.00 to $115.00. They now have an “overweight” rating on the stock.
• 10/4/2024 – AECOM had its price target raised by analysts at Truist Financial Co. from $108.00 to $119.00. They now have a “buy” rating on the stock.

AECOM Trading Down 0.9 %

Shares of ACM stock opened at $105.37 on Thursday. The firm has a fifty day moving average of $100.89 and a 200-day moving average of $93.88. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of -1,170.78, a P/E/G ratio of 1.58 and a beta of 1.17. AECOM has a 52-week low of $74.40 and a 52-week high of $108.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

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

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is -977.78%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC increased its position in shares of AECOM by 33.0% during the 1st quarter. Ballentine Partners LLC now owns 3,301 shares of the construction company’s stock worth $324,000 after purchasing an additional 819 shares in the last quarter. Gateway Investment Advisers LLC bought a new position in shares of AECOM in the first quarter valued at approximately $202,000. Diversified Trust Co bought a new position in shares of AECOM in the first quarter valued at approximately $1,035,000. Little House Capital LLC acquired a new position in shares of AECOM in the 1st quarter worth approximately $753,000. Finally, Handelsinvest Investeringsforvaltning grew its position in AECOM by 37.3% during the 1st quarter. Handelsinvest Investeringsforvaltning now owns 13,665 shares of the construction company’s stock worth $1,340,000 after acquiring an additional 3,714 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.