AECOM (NYSE:ACM) Reaches New 12-Month High at $98.72

Shares of AECOM (NYSE:ACM) hit a new 52-week high during trading on Thursday . The stock traded as high as $98.72 and last traded at $98.58, with a volume of 289238 shares changing hands. The stock had previously closed at $97.31.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ACM shares. Barclays upped their price objective on shares of AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Robert W. Baird lifted their price target on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Truist Financial began coverage on AECOM in a research report on Thursday, March 14th. They set a “buy” rating and a $106.00 target price for the company. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a report on Monday, February 5th. Finally, KeyCorp initiated coverage on shares of AECOM in a research note on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price target for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of “Buy” and a consensus target price of $102.00.

AECOM Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $13.34 billion, a P/E ratio of 217.89, a P/E/G ratio of 1.44 and a beta of 1.23. The firm has a 50 day simple moving average of $90.47 and a 200 day simple moving average of $87.16.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. AECOM had a net margin of 0.42% and a return on equity of 21.45%. The company had revenue of $3.90 billion during the quarter. During the same period in the prior year, the firm posted $0.86 EPS. On average, equities research analysts predict that AECOM will post 4.45 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, April 23rd. AECOM’s dividend payout ratio (DPR) is 195.56%.

Institutional Trading of AECOM

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of AECOM by 8.3% during the second quarter. BlackRock Inc. now owns 17,199,288 shares of the construction company’s stock worth $1,456,608,000 after acquiring an additional 1,317,576 shares in the last quarter. State Street Corp increased its position in AECOM by 5.9% during the 2nd quarter. State Street Corp now owns 4,833,820 shares of the construction company’s stock valued at $409,376,000 after purchasing an additional 269,202 shares during the period. Invesco Ltd. increased its position in shares of AECOM by 39.2% during the first quarter. Invesco Ltd. now owns 3,456,275 shares of the construction company’s stock valued at $265,478,000 after buying an additional 972,449 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of AECOM by 106,750.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,422,418 shares of the construction company’s stock worth $290,666,000 after acquiring an additional 3,419,215 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in AECOM by 106.4% in the first quarter. JPMorgan Chase & Co. now owns 3,315,066 shares of the construction company’s stock worth $279,525,000 after purchasing an additional 1,709,275 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.