StockNews.com Downgrades AECOM (NYSE:ACM) to Hold

StockNews.com lowered shares of AECOM (NYSE:ACM) from a buy rating to a hold rating in a research note published on Saturday.

A number of other analysts have also issued reports on ACM. Barclays boosted their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Robert W. Baird boosted their price objective on AECOM from $96.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Citigroup lowered their target price on AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Royal Bank of Canada increased their price target on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, KeyCorp lifted their price objective on shares of AECOM from $99.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, AECOM currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.29.

AECOM Stock Performance

Shares of AECOM stock opened at $106.39 on Friday. The firm has a market cap of $14.48 billion, a PE ratio of -1,182.11, 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. AECOM has a 52 week low of $74.40 and a 52 week high of $108.26. The business’s fifty day simple moving average is $100.69 and its 200-day simple moving average is $93.79.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. AECOM’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities analysts forecast that AECOM will post 4.46 earnings per share for the current year.

AECOM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 0.83%. AECOM’s dividend payout ratio is currently -977.78%.

Hedge Funds Weigh In On AECOM

A number of institutional investors and hedge funds have recently modified their holdings of ACM. International Assets Investment Management LLC purchased a new stake in AECOM during the 3rd quarter worth about $42,201,000. Sierra Capital LLC raised its position in shares of AECOM by 3.3% during the 3rd quarter. Sierra Capital LLC now owns 5,509 shares of the construction company’s stock worth $569,000 after acquiring an additional 178 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in AECOM during the third quarter worth approximately $215,000. Raymond James & Associates lifted its stake in AECOM by 1.3% during the third quarter. Raymond James & Associates now owns 37,221 shares of the construction company’s stock worth $3,844,000 after purchasing an additional 490 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in AECOM by 377.2% in the third quarter. Blue Trust Inc. now owns 1,045 shares of the construction company’s stock valued at $108,000 after purchasing an additional 826 shares in the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

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.