AECOM (NYSE:ACM) Receives Consensus Rating of “Buy” from Brokerages

AECOM (NYSE:ACM) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $119.25.

A number of equities research analysts have recently issued reports on the stock. 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, November 22nd. Robert W. Baird upped 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. Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group began coverage on AECOM in a report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price for the company. Finally, StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th.

AECOM Trading Up 0.0 %

Shares of ACM stock opened at $107.18 on Thursday. The business has a 50-day moving average price of $110.69 and a two-hundred day moving average price of $101.36. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The firm has a market cap of $14.20 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 1.92 and a beta of 1.19.

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

AECOM announced that its Board of Directors has authorized a share buyback program on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. AECOM’s dividend payout ratio is presently 35.14%.

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.42% of the company’s stock.

Institutional Trading of AECOM

Several large investors have recently bought and sold shares of ACM. Everence Capital Management Inc. bought a new position in shares of AECOM in the 4th quarter worth approximately $458,000. GAMMA Investing LLC grew its stake in AECOM by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock worth $163,000 after purchasing an additional 399 shares during the period. JPMorgan Chase & Co. raised its holdings in AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in AECOM during the third quarter valued at $2,928,000. Finally, Franklin Resources Inc. boosted its holdings in shares of AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after buying an additional 91 shares in the last quarter. 85.41% of the stock is owned by 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.