Analysts Set AECOM (NYSE:ACM) PT at $116.43

Shares of AECOM (NYSE:ACM) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $119.38.

A number of research firms have recently commented on ACM. Robert W. Baird boosted their price target on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday. They issued a “buy” rating and a $130.00 target price on the stock. Royal Bank of Canada lifted their target price 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 raised their price target 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 upped their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday.

Insider Buying and Selling

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 31,228 shares in the company, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is owned by insiders.

Institutional Investors Weigh In On AECOM

A number of institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC purchased a new stake in AECOM during the 3rd quarter valued at $177,000. Teachers Retirement System of The State of Kentucky increased its holdings in AECOM by 15.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 137,918 shares of the construction company’s stock worth $14,243,000 after buying an additional 18,810 shares in the last quarter. Toronto Dominion Bank raised its position in AECOM by 29.5% in the 3rd quarter. Toronto Dominion Bank now owns 17,986 shares of the construction company’s stock worth $1,857,000 after buying an additional 4,102 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in AECOM by 29.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,958 shares of the construction company’s stock valued at $823,000 after acquiring an additional 1,805 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of AECOM by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after acquiring an additional 14,511 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

Shares of AECOM stock opened at $116.31 on Wednesday. The firm has a market capitalization of $15.41 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. The business’s fifty day simple moving average is $106.16 and its 200 day simple moving average is $96.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a 12 month low of $82.23 and a 12 month high of $116.76.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. As a group, analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. This is an increase from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. AECOM’s dividend payout ratio is 35.14%.

AECOM announced that its board has authorized a stock buyback plan on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.