AECOM (NYSE:ACM) Reaches New 52-Week High After Analyst Upgrade

Key Points

• AECOM's stock reached a new 52-week high at $122.04 following an upgrade from Barclays, which raised its price target from $120 to $130 and maintains an overweight rating.
• Multiple analysts have increased their price targets for AECOM, with an average target of $128.44 and ten analysts rating the stock as a buy.
• AECOM recently declared a quarterly dividend of $0.26 per share, reflecting a 0.9% yield and a payout ratio of 22.66%.

AECOM (NYSE:ACM - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday after Barclays raised their price target on the stock from $120.00 to $130.00. Barclays currently has an overweight rating on the stock. AECOM traded as high as $122.04 and last traded at $121.98, with a volume of 829915 shares changing hands. The stock had previously closed at $120.88.

Several other equities research analysts have also recently commented on ACM. Bank of America increased their price target on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Robert W. Baird lifted their target price on AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Citigroup restated a "buy" rating and issued a $137.00 target price (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. UBS Group boosted their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on AECOM from $123.00 to $126.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $128.44.

Institutional Investors Weigh In On AECOM

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in AECOM by 9.4% during the fourth quarter. Franklin Resources Inc. now owns 6,742 shares of the construction company's stock worth $720,000 after buying an additional 580 shares during the last quarter. Wells Fargo & Company MN grew its holdings in AECOM by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 125,443 shares of the construction company's stock valued at $13,400,000 after buying an additional 520 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in AECOM by 33.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 108,758 shares of the construction company's stock valued at $11,618,000 after buying an additional 27,117 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of AECOM by 54.5% during the 4th quarter. Sterling Capital Management LLC now owns 7,948 shares of the construction company's stock valued at $849,000 after acquiring an additional 2,803 shares during the last quarter. Finally, Barclays PLC lifted its position in AECOM by 61.6% in the 4th quarter. Barclays PLC now owns 315,086 shares of the construction company's stock worth $33,658,000 after buying an additional 120,137 shares during the last quarter. Institutional investors own 85.41% of the company's stock.

AECOM Stock Up 0.9%

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91. The stock has a market cap of $16.16 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.77 and a beta of 0.99. The company has a 50-day simple moving average of $113.62 and a two-hundred day simple moving average of $104.54.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.25 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 earnings per share. On average, equities analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. AECOM's dividend payout ratio is currently 22.66%.

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.

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