AECOM (NYSE:ACM) Given New $116.00 Price Target at Citigroup

AECOM (NYSE:ACM) had its target price decreased by Citigroup from $127.00 to $116.00 in a research note issued to investors on Friday,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

A number of other equities analysts have also recently weighed in on the company. KeyCorp reduced their price target on AECOM from $121.00 to $109.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Truist Financial dropped their price target on shares of AECOM from $129.00 to $121.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Robert W. Baird reduced their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $116.50.

AECOM Trading Down 0.3 %

AECOM stock opened at $97.34 on Friday. The firm has a market cap of $12.91 billion, a PE ratio of 27.65, a P/E/G ratio of 1.63 and a beta of 1.03. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56. The stock’s 50 day simple moving average is $94.78 and its two-hundred day simple moving average is $103.84. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Wednesday, April 2nd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, April 2nd. AECOM’s payout ratio is 29.55%.

Hedge Funds Weigh In On AECOM

Several hedge funds and other institutional investors have recently modified their holdings of ACM. Alliancebernstein L.P. raised its holdings in AECOM by 11.2% in the 4th quarter. Alliancebernstein L.P. now owns 3,718,371 shares of the construction company’s stock valued at $397,196,000 after acquiring an additional 373,991 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AECOM by 34.7% in 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 valued at $286,305,000 after purchasing an additional 691,020 shares during the last quarter. Norges Bank acquired a new stake in shares of AECOM in the fourth quarter valued at approximately $190,495,000. Northern Trust Corp boosted its stake in 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 buying an additional 580,078 shares during the last quarter. Finally, FMR LLC grew its holdings in AECOM by 2.9% in the 4th quarter. FMR LLC now owns 1,360,510 shares of the construction company’s stock valued at $145,330,000 after buying an additional 38,177 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other 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.