AECOM (NYSE:ACM) Sets New 1-Year High at $98.72

Shares of AECOM (NYSE:ACM) reached a new 52-week high during mid-day 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ACM. Robert W. Baird boosted their price target on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $109.00 price objective on shares of AECOM in a research report on Wednesday, February 7th. TheStreet raised shares of AECOM from a “c+” rating to a “b” rating in a research note on Monday, February 5th. KeyCorp assumed coverage on AECOM in a report on Wednesday, January 10th. They set an “overweight” rating and a $104.00 price objective for the company. Finally, Barclays lifted their price objective on AECOM from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $102.00.

AECOM Stock Up 0.8 %

The firm’s 50 day moving average is $90.47 and its two-hundred day moving average is $87.16. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The firm has a market cap of $13.34 billion, a P/E ratio of 217.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

AECOM (NYSE:ACM) last announced its earnings results on Tuesday, February 6th. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. The firm had revenue of $3.90 billion for the quarter. AECOM had a net margin of 0.42% and a return on equity of 21.45%. During the same quarter last year, the business posted $0.86 earnings per share. As a group, research analysts anticipate that AECOM will post 4.45 EPS for the current fiscal year.

AECOM Announces Dividend

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

Institutional Investors Weigh In On AECOM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACM. Ables Iannone Moore & Associates Inc. acquired a new position in shares of AECOM during the 4th quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new position in AECOM during the fourth quarter worth $28,000. Point72 Hong Kong Ltd acquired a new position in shares of AECOM in the first quarter valued at $25,000. Janiczek Wealth Management LLC bought a new position in shares of AECOM in the third quarter valued at about $28,000. Finally, GAMMA Investing LLC acquired a new stake in shares of AECOM during the 4th quarter worth about $35,000. 85.41% of the stock is currently owned by institutional investors and hedge funds.

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.