AECOM (NYSE:ACM) Receives Buy Rating from Truist Financial

Truist Financial reaffirmed their buy rating on shares of AECOM (NYSE:ACM) in a research note issued to investors on Wednesday morning, Benzinga reports. Truist Financial currently has a $113.00 price target on the construction company’s stock, up from their previous price target of $106.00.

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada restated an outperform rating and issued a $109.00 price target on shares of AECOM in a report on Wednesday, February 7th. Robert W. Baird upped their price objective on shares of AECOM from $104.00 to $110.00 and gave the stock an outperform rating in a report on Tuesday. KeyCorp increased their price target on AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research note on Friday, April 19th. Barclays raised their price objective on shares of AECOM from $90.00 to $100.00 and gave the company an overweight rating in a research report on Tuesday, February 13th. Finally, Citigroup lifted their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $107.43.

AECOM Stock Down 0.9 %

Shares of NYSE ACM opened at $92.27 on Wednesday. The firm has a 50-day moving average price of $93.96 and a 200 day moving average price of $89.79. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 205.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23.

AECOM (NYSE:ACM) last announced its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. AECOM had a net margin of 0.42% and a return on equity of 21.45%. AECOM’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. Equities research analysts anticipate that AECOM will post 4.43 EPS for the current fiscal year.

AECOM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in AECOM by 16.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 71,086 shares of the construction company’s stock worth $6,972,000 after acquiring an additional 9,900 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of AECOM by 2.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 160,142 shares of the construction company’s stock worth $15,707,000 after purchasing an additional 4,265 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in AECOM by 102.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock valued at $22,777,000 after purchasing an additional 117,646 shares during the period. Entropy Technologies LP acquired a new stake in AECOM in the 1st quarter valued at approximately $2,056,000. Finally, Avantax Advisory Services Inc. increased its position in AECOM by 9.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,782 shares of the construction company’s stock worth $273,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds 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.