Robert W. Baird Increases AECOM (NYSE:ACM) Price Target to $110.00

AECOM (NYSE:ACM) had its target price raised by Robert W. Baird from $104.00 to $110.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

ACM has been the topic of several other reports. Citigroup upped their target price on shares of AECOM from $107.00 to $116.00 and gave the stock a buy rating in a research note on Monday, April 22nd. KeyCorp increased their price objective on shares of AECOM from $104.00 to $105.00 and gave the company an overweight rating in a research report on Friday, April 19th. TheStreet raised shares of AECOM from a c+ rating to a b rating in a research report on Monday, February 5th. Barclays increased 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, Royal Bank of Canada reissued an outperform rating and issued a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $107.43.

AECOM Stock Performance

Shares of ACM stock opened at $92.70 on Tuesday. The firm’s 50 day moving average price is $94.04 and its 200-day moving average price is $89.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. AECOM has a one year low of $74.40 and a one year high of $98.72. The firm has a market cap of $12.61 billion, a P/E ratio of 206.00, a P/E/G 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 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). AECOM had a return on equity of 21.45% and a net margin of 0.42%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company earned $0.92 earnings per share. AECOM’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts predict that AECOM will post 4.43 EPS for the current year.

AECOM Dividend Announcement

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

Institutional Investors Weigh In On AECOM

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its stake in AECOM by 9.7% during the 3rd quarter. Fifth Third Bancorp now owns 1,683 shares of the construction company’s stock valued at $140,000 after acquiring an additional 149 shares during the last quarter. CIBC Asset Management Inc increased its stake in AECOM by 4.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,897 shares of the construction company’s stock valued at $324,000 after buying an additional 151 shares during the period. Quent Capital LLC lifted its stake in shares of AECOM by 9.9% in the 1st quarter. Quent Capital LLC now owns 1,865 shares of the construction company’s stock worth $183,000 after acquiring an additional 168 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of AECOM by 4.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock valued at $418,000 after acquiring an additional 177 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of AECOM by 0.5% during the fourth quarter. Arizona State Retirement System now owns 36,221 shares of the construction company’s stock worth $3,348,000 after acquiring an additional 196 shares during the period. 85.41% of the stock is owned by hedge funds and other institutional investors.

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.