AECOM (NYSE:ACM) Receives $119.25 Consensus Target Price from Brokerages

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

Several research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. KeyCorp cut their price target on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, Citigroup raised their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

Insider Activity at AECOM

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 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 legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of AECOM

A number of institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. increased its position in AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after buying an additional 91 shares during the last quarter. PNC Financial Services Group Inc. increased its position in AECOM by 1.1% in the third 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 last quarter. Wealth Enhancement Advisory Services LLC increased its position in AECOM by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock worth $809,000 after buying an additional 109 shares during the last quarter. CIBC Asset Management Inc increased its position in AECOM by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after buying an additional 132 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in AECOM by 4.1% in the third quarter. Ballentine Partners LLC now owns 3,992 shares of the construction company’s stock worth $412,000 after buying an additional 158 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Up 2.4 %

Shares of AECOM stock opened at $108.39 on Thursday. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $110.65 and its 200 day moving average is $101.86. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 36.62, a PEG ratio of 1.92 and a beta of 1.19.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.03. The business 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%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Equities research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase 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 (DPR) is presently 35.14%.

AECOM announced that its Board of Directors has approved a share buyback plan on Monday, November 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.