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

Shares of AECOM (NYSE:ACM) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $119.38.

ACM has been the topic of a number of research reports. The Goldman Sachs Group started coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Truist Financial increased their price objective on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. KeyCorp lifted their target price on shares of AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird raised their price target on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Citigroup lifted their price objective on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd.

Insider Activity at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value 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. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is owned by insiders.

Institutional Investors Weigh In On AECOM

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Trust Co. NA bought a new stake in shares of AECOM during the 3rd quarter worth approximately $30,000. Family Firm Inc. acquired a new position in shares of AECOM during the 2nd quarter worth about $31,000. True Wealth Design LLC raised its holdings in shares of AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares during the period. UMB Bank n.a. lifted its stake in AECOM by 196.2% in 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. Finally, Kathleen S. Wright Associates Inc. bought a new position in AECOM during the third quarter worth about $50,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE ACM opened at $111.51 on Friday. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 1.92 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a 50 day moving average of $110.09 and a 200-day moving average of $98.77.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM declared that its board has authorized a stock buyback plan on Monday, November 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a $0.26 dividend. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, January 2nd. AECOM’s dividend payout ratio is 35.14%.

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.