AECOM (NYSE:ACM) Given Consensus Rating of “Buy” by Brokerages

AECOM (NYSE:ACM) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $119.38.

Several analysts recently issued reports on ACM shares. Robert W. Baird increased their price target on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. KeyCorp boosted their price target on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price objective on AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Finally, Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd.

Insider Buying and Selling

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm’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 completion of the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of AECOM

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after buying an additional 103 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of AECOM by 3.4% in the first quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock worth $336,000 after acquiring an additional 114 shares during the period. Fifth Third Bancorp boosted its holdings in AECOM by 6.7% in the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock valued at $159,000 after acquiring an additional 114 shares during the last quarter. CIBC Asset Management Inc increased its position in AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after purchasing an additional 132 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in AECOM by 4.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock worth $273,000 after purchasing an additional 138 shares during the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Performance

NYSE:ACM opened at $116.74 on Wednesday. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.98 and a beta of 1.17. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.12. 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 stock has a fifty day moving average price of $106.53 and a 200-day moving average price of $96.42.

AECOM (NYSE:ACM) last posted 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. AECOM’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. As a group, equities analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

AECOM Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.89%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is currently 29.73%.

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.