AECOM (NYSE:ACM) Given New $129.00 Price Target at KeyCorp

AECOM (NYSE:ACM - Free Report) had its price target upped by KeyCorp from $120.00 to $129.00 in a research report report published on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the construction company's stock.

Other analysts also recently issued reports about the stock. Citigroup lifted their price target on shares of AECOM from $116.00 to $122.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Royal Bank Of Canada lifted their price objective on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird lifted their price objective on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Truist Financial reduced their price target on shares of AECOM from $129.00 to $121.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $123.71.

AECOM Stock Performance

NYSE ACM traded up $0.84 on Wednesday, reaching $114.02. 885,065 shares of the stock were exchanged, compared to its average volume of 921,603. The firm has a market capitalization of $15.08 billion, a PE ratio of 24.84, a PEG ratio of 1.83 and a beta of 0.96. AECOM has a one year low of $84.75 and a one year high of $118.56. The company's 50-day simple moving average is $110.95 and its two-hundred day simple moving average is $103.66. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.00.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The construction company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.10. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $4.18 billion. AECOM had a return on equity of 27.67% and a net margin of 3.85%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.91%. AECOM's payout ratio is 22.66%.

Institutional Investors Weigh In On AECOM

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in AECOM in the fourth quarter worth $190,495,000. Nuveen LLC purchased a new position in AECOM in the 1st quarter worth about $78,900,000. The Manufacturers Life Insurance Company increased its stake in AECOM by 421.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company's stock worth $86,821,000 after buying an additional 756,859 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AECOM by 34.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,680,258 shares of the construction company's stock worth $286,305,000 after acquiring an additional 691,020 shares during the period. Finally, Northern Trust Corp increased its position in shares of AECOM by 53.5% during the fourth quarter. Northern Trust Corp now owns 1,664,893 shares of the construction company's stock worth $177,844,000 after acquiring an additional 580,078 shares during the period. 85.41% of the stock is currently 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.