AECOM (NYSE:ACM) Now Covered by Analysts at The Goldman Sachs Group

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

Other equities research analysts have also recently issued research reports about the company. Barclays increased their price target on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Truist Financial upped their target price on AECOM from $108.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. KeyCorp raised their target price on shares of AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. StockNews.com raised 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 shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $119.38.

AECOM Price Performance

ACM opened at $116.89 on Friday. The company has a fifty day moving average price of $106.16 and a two-hundred day moving average price of $96.25. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $15.48 billion, a PE ratio of 39.29, a P/E/G ratio of 1.98 and a beta of 1.17. AECOM has a 52 week low of $82.23 and a 52 week high of $118.12.

AECOM (NYSE:ACM) last released its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $1.81 billion for 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%. AECOM’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. As a group, analysts anticipate that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has initiated a share repurchase program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is presently 29.73%.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction on 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 owns 31,228 shares of the company’s stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ACM. EntryPoint Capital LLC bought a new stake in AECOM during the first quarter valued at approximately $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 lifted its holdings in AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after buying an additional 297 shares during the period. Family Firm Inc. bought a new stake in AECOM in the second quarter valued at $31,000. Finally, UMB Bank n.a. lifted its position in shares of AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after purchasing an additional 257 shares during the period. 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.