Robert W. Baird Lowers AECOM (NYSE:ACM) Price Target to $96.00

AECOM (NYSE:ACM) had its price target trimmed by Robert W. Baird from $110.00 to $96.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Other research analysts have also issued research reports about the company. KeyCorp increased their price objective on AECOM from $104.00 to $105.00 and gave the company an overweight rating in a report on Friday, April 19th. UBS Group increased their price target on AECOM from $105.00 to $106.00 and gave the company a buy rating in a report on Thursday, May 23rd. Truist Financial reduced their price objective on shares of AECOM from $113.00 to $107.00 and set a buy rating for the company in a research note on Tuesday, July 2nd. Finally, Citigroup upped their price objective on shares of AECOM from $107.00 to $116.00 and gave the stock a buy rating in a report on Monday, April 22nd. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM presently has a consensus rating of Buy and an average target price of $104.75.

AECOM Trading Up 2.9 %

Shares of NYSE ACM opened at $86.16 on Monday. The business has a 50 day simple moving average of $88.29 and a 200 day simple moving average of $90.51. AECOM has a 52 week low of $74.40 and a 52 week high of $98.72. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of -957.23, a PEG ratio of 1.18 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.06 and a current ratio of 1.06.

AECOM (NYSE:ACM) last posted its earnings results on Monday, May 6th. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.01). The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. On average, research analysts predict that AECOM will post 4.47 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Wednesday, July 3rd. AECOM’s dividend payout ratio is currently -977.67%.

Insider Buying and Selling

In other news, Director Douglas Stotlar sold 7,179 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now directly owns 34,667 shares in the company, valued at $3,241,711.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On AECOM

Several large investors have recently modified their holdings of ACM. Norges Bank bought a new position in AECOM during the 4th quarter valued at about $159,060,000. Oak Thistle LLC bought a new position in shares of AECOM in the fourth quarter valued at approximately $1,789,000. International Assets Investment Management LLC acquired a new position in shares of AECOM in the 4th quarter worth approximately $1,640,000. First Trust Advisors LP grew its position in AECOM by 9.9% during the 4th quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock worth $81,935,000 after acquiring an additional 79,760 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in AECOM by 5.4% during the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 1,740 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors.

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.