AECOM (NYSE:ACM) Given New $122.00 Price Target at KeyCorp

AECOM (NYSE:ACM) had its target price increased by KeyCorp from $115.00 to $122.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

A number of other equities analysts have also weighed in on ACM. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Royal Bank of Canada upped their price target on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial lifted their price objective on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Citigroup upped their target price on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their price target on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM currently has an average rating of “Buy” and a consensus price target of $113.29.

AECOM Trading Down 0.3 %

Shares of AECOM stock opened at $110.39 on Thursday. AECOM has a fifty-two week low of $78.11 and a fifty-two week high of $115.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $14.80 billion, a P/E ratio of 59.35, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a fifty day moving average of $103.29 and a 200 day moving average of $95.05.

AECOM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $0.88 annualized dividend and a yield of 0.80%. AECOM’s dividend payout ratio (DPR) is currently 47.31%.

Insiders Place Their Bets

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the sale, the chief financial officer now directly owns 31,228 shares in the company, valued at approximately $3,601,837.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AECOM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in shares of AECOM by 1,082.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock valued at $3,411,000 after purchasing an additional 31,838 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of AECOM by 16.2% in the first quarter. Nordea Investment Management AB now owns 22,274 shares of the construction company’s stock valued at $2,194,000 after acquiring an additional 3,109 shares during the period. Duality Advisers LP bought a new stake in shares of AECOM in the 1st quarter worth about $248,000. SG Americas Securities LLC boosted its stake in shares of AECOM by 1,717.1% during the 1st quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after purchasing an additional 154,483 shares during the period. Finally, Hilltop National Bank bought a new position in AECOM during the 1st quarter valued at about $321,000. 85.41% of the stock is currently 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.