AECOM (NYSE:ACM) Lowered to Hold Rating by Wall Street Zen

Key Points

• AECOM has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, signaling a caution among analysts regarding the stock's performance.
• Despite the downgrade, several other research firms have maintained a positive outlook, with UBS Group increasing its price target from $126.00 to $139.00 and other analysts setting the consensus target price at $133.20.
• In its latest earnings report, AECOM reported $1.34 earnings per share, exceeding its consensus estimate, and showed a year-over-year revenue increase of 6.2%.

AECOM (NYSE:ACM - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

A number of other research firms also recently weighed in on ACM. UBS Group boosted their price target on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. KeyCorp boosted their price target on shares of AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Citigroup reissued a "buy" rating and set a $137.00 price target (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Truist Financial boosted their price target on shares of AECOM from $128.00 to $146.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, National Bank Financial began coverage on shares of AECOM in a research note on Wednesday. They set an "outperform" rating and a $151.00 price target for the company. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $133.20.

AECOM Price Performance

Shares of ACM stock opened at $128.85 on Friday. AECOM has a 1 year low of $85.00 and a 1 year high of $133.81. The firm's 50 day moving average is $125.53 and its 200-day moving average is $112.52. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.77 and a beta of 1.03. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM - Get Free Report) last announced its earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the business earned $1.16 earnings per share. AECOM's quarterly revenue was up 6.2% on a year-over-year basis. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. Sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AECOM

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp increased its position in shares of AECOM by 12.0% during the first quarter. Fifth Third Bancorp now owns 1,863 shares of the construction company's stock worth $173,000 after acquiring an additional 199 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of AECOM by 170.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock worth $2,461,000 after acquiring an additional 16,718 shares in the last quarter. Great Lakes Retirement Inc. increased its position in shares of AECOM by 12.7% during the first quarter. Great Lakes Retirement Inc. now owns 15,234 shares of the construction company's stock worth $1,413,000 after acquiring an additional 1,714 shares in the last quarter. Insigneo Advisory Services LLC increased its position in shares of AECOM by 22.4% during the first quarter. Insigneo Advisory Services LLC now owns 3,997 shares of the construction company's stock worth $371,000 after acquiring an additional 731 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of AECOM by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 15,548 shares of the construction company's stock worth $1,441,000 after acquiring an additional 260 shares in the last quarter. 85.41% of the stock is 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.

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