AECOM (NYSE:ACM) Hits New 12-Month High – Time to Buy?

by · The Markets Daily

Shares of AECOM (NYSE:ACM – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $106.31 and last traded at $106.07, with a volume of 170915 shares. The stock had previously closed at $105.82.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com downgraded AECOM from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird raised their price target on shares of AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada upped their target price on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. KeyCorp lifted their price target on shares of AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Citigroup dropped their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, AECOM has a consensus rating of “Moderate Buy” and an average target price of $108.86.

Read Our Latest Stock Analysis on ACM

AECOM Trading Up 0.5 %

The firm has a market capitalization of $14.48 billion, a PE ratio of -1,184.11, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The company’s 50-day simple moving average is $98.77 and its 200 day simple moving average is $93.33.

AECOM (NYSE:ACM – Get Free Report) last announced its earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $1.85 billion. AECOM had a net margin of 1.61% and a return on equity of 24.14%. AECOM’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. As a group, sell-side analysts expect that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, October 2nd. AECOM’s dividend payout ratio is currently -977.78%.

Hedge Funds Weigh In On AECOM

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp increased its stake in AECOM by 12.5% during the 2nd quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock valued at $936,000 after purchasing an additional 1,180 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of AECOM in the 1st quarter valued at $1,085,000. Janney Montgomery Scott LLC raised its stake in AECOM by 1,082.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock worth $3,411,000 after acquiring an additional 31,838 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in AECOM by 102.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 232,223 shares of the construction company’s stock worth $22,777,000 after acquiring an additional 117,646 shares during the period. Finally, SG Americas Securities LLC grew its stake in AECOM by 1,717.1% during the 1st quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock valued at $16,034,000 after purchasing an additional 154,483 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Company Profile

(Get Free Report)

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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