AECOM (NYSE:ACM) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of AECOM (NYSE:ACM) in a research note released on Friday, Marketbeat Ratings reports. The firm issued a buy rating and a $130.00 target price on the construction company’s stock.

ACM has been the topic of several other reports. Truist Financial increased their target price on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Barclays raised their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. KeyCorp upped their price target on shares of AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, Citigroup upped 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $119.38.

AECOM Price Performance

Shares of NYSE ACM opened at $116.31 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a 1-year low of $82.23 and a 1-year high of $116.76. The company has a market cap of $15.41 billion, a PE ratio of 39.29, a P/E/G ratio of 1.91 and a beta of 1.17. The stock has a fifty day moving average price of $106.16 and a 200 day moving average price of $96.22.

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

AECOM declared that its Board of Directors has authorized a stock repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM’s dividend payout ratio is 35.14%.

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.42% of the company’s stock.

Institutional Trading of AECOM

Hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp lifted its stake in AECOM by 12.5% during the second quarter. Mackenzie Financial Corp now owns 10,621 shares of the construction company’s stock worth $936,000 after purchasing an additional 1,180 shares during the period. Acadian Asset Management LLC acquired a new stake in AECOM in the 1st quarter valued at $1,085,000. Plato Investment Management Ltd bought a new stake in AECOM in the first quarter valued at $741,000. Price T Rowe Associates Inc. MD raised its stake in AECOM by 7.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 87,301 shares of the construction company’s stock worth $8,564,000 after acquiring an additional 6,003 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of AECOM by 24.3% during the second quarter. SG Americas Securities LLC now owns 203,281 shares of the construction company’s stock valued at $17,917,000 after acquiring an additional 39,801 shares during the period. Institutional investors own 85.41% of the company’s stock.

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.