AECOM (NYSE:ACM) Reaches New 12-Month High – What’s Next?

Shares of AECOM (NYSE:ACM) reached a new 52-week high during trading on Thursday . The stock traded as high as $135.52 and last traded at $134.3850, with a volume of 260217 shares trading hands. The stock had previously closed at $132.72.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ACM shares. Barclays raised their target price on shares of AECOM from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. KeyCorp boosted their price objective on AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Citigroup lifted their price target on AECOM from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, October 20th. National Bank Financial initiated coverage on shares of AECOM in a research note on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price objective on the stock. Finally, Bank of America increased their price target on shares of AECOM from $112.50 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $137.30.

AECOM Stock Performance

The firm has a market cap of $17.69 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The firm has a fifty day moving average price of $130.76 and a 200 day moving average price of $119.41. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were given a $0.26 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s payout ratio is currently 22.66%.

Institutional Trading of AECOM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC lifted its stake in AECOM by 28,246.5% in the second quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after acquiring an additional 5,316,844 shares during the last quarter. First Trust Advisors LP lifted its position in shares of AECOM by 105.3% during the 3rd quarter. First Trust Advisors LP now owns 4,216,372 shares of the construction company’s stock worth $550,110,000 after purchasing an additional 2,162,158 shares during the last quarter. Invesco Ltd. grew its stake in shares of AECOM by 79.1% during the second quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock worth $492,268,000 after purchasing an additional 1,926,466 shares in the last quarter. Norges Bank purchased a new position in AECOM in the second quarter valued at $200,879,000. Finally, Nuveen LLC acquired a new stake in AECOM in the first quarter valued at $78,900,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

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.