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

AECOM (NYSE:ACM) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $116.43.

A number of brokerages recently issued reports on ACM. KeyCorp increased their price objective on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Citigroup raised their price target on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their price objective on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday. Truist Financial upped their price objective on shares of AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Barclays lifted their target price on shares of AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th.

Insider Transactions at AECOM

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

Institutional Investors Weigh In On AECOM

Institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC purchased a new stake in AECOM during the 1st quarter valued at $25,000. Private Trust Co. NA purchased a new stake in shares of AECOM during the third quarter worth about $30,000. True Wealth Design LLC grew its stake in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Family Firm Inc. purchased a new position in AECOM during the 2nd quarter valued at about $31,000. Finally, UMB Bank n.a. raised its position in AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after purchasing an additional 257 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Down 0.3 %

ACM stock opened at $108.80 on Wednesday. The stock has a 50-day simple moving average of $104.92 and a two-hundred day simple moving average of $95.75. AECOM has a twelve month low of $82.23 and a twelve month high of $115.74. The firm has a market capitalization of $14.59 billion, a PE ratio of 58.49, a PEG ratio of 1.61 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. AECOM’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts predict that AECOM will post 4.47 EPS for the current fiscal 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 paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.96%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is currently 47.31%.

AECOM declared that its board has approved a stock repurchase program on Monday, November 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board 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.