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

Shares of AECOM (NYSE:ACM) have received a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $119.25.

ACM has been the subject of a number of recent analyst reports. KeyCorp reduced their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday. Robert W. Baird raised their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Citigroup lifted their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd.

Insider Activity at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares in the company, 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 can be accessed through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Institutional Trading of AECOM

Hedge funds and other institutional investors have recently bought and sold shares of the company. Everence Capital Management Inc. purchased a new position in AECOM during the fourth quarter worth about $458,000. GAMMA Investing LLC grew its holdings in shares of AECOM by 35.3% during the fourth quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock worth $163,000 after purchasing an additional 399 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after purchasing an additional 220,035 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of AECOM in the third quarter worth approximately $2,928,000. Finally, Franklin Resources Inc. raised its stake in AECOM by 1.5% in the third quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock valued at $655,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Performance

NYSE ACM opened at $107.18 on Thursday. The company has a fifty day moving average price of $110.69 and a 200-day moving average price of $101.36. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.92 and a beta of 1.19. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.13 and a quick ratio of 1.13. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56.

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, topping analysts’ consensus estimates of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

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

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is currently 35.14%.

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.