AECOM (NYSE:ACM) Downgraded by StockNews.com

StockNews.com downgraded shares of AECOM (NYSE:ACM) from a buy rating to a hold rating in a report published on Saturday morning.

ACM has been the subject of several other research reports. KeyCorp boosted their price objective 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. Citigroup cut their price target on shares of AECOM from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Royal Bank of Canada boosted their price target 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. Barclays boosted their price objective on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Truist Financial boosted their price objective on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.86.

AECOM Trading Down 0.4 %

ACM opened at $107.49 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $100.47 and a two-hundred day moving average price of $93.73. The company has a market cap of $14.63 billion, a P/E ratio of -1,194.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. AECOM has a 1-year low of $74.40 and a 1-year high of $108.26.

AECOM (NYSE:ACM) last posted its earnings results on Monday, August 5th. The construction company reported $1.16 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts predict that AECOM will post 4.46 EPS for the current fiscal year.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 2nd were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s dividend payout ratio (DPR) is presently -977.78%.

Institutional Investors Weigh In On AECOM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in AECOM by 3.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 431,875 shares of the construction company’s stock worth $39,918,000 after purchasing an additional 13,986 shares during the last quarter. GAMMA Investing LLC increased its position in AECOM by 53.7% during the first quarter. GAMMA Investing LLC now owns 604 shares of the construction company’s stock valued at $59,000 after acquiring an additional 211 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in AECOM during the first quarter valued at $245,000. Ballentine Partners LLC increased its position in AECOM by 33.0% during the first quarter. Ballentine Partners LLC now owns 3,301 shares of the construction company’s stock valued at $324,000 after acquiring an additional 819 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in AECOM during the first quarter valued at $202,000. Institutional investors own 85.41% of the company’s stock.

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.