AECOM (NYSE:ACM) Given New $122.00 Price Target at Robert W. Baird

AECOM (NYSE:ACM) had its price target increased by Robert W. Baird from $113.00 to $122.00 in a research report report published on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Other research analysts have also recently issued reports about the stock. KeyCorp lifted their price objective on shares of AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barclays lifted their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Citigroup increased their target price on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has a consensus rating of “Buy” and an average target price of $116.43.

AECOM Stock Down 0.3 %

ACM stock opened at $108.80 on Tuesday. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $115.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 58.49, a PEG ratio of 1.61 and a beta of 1.17. The business’s fifty day moving average price is $104.92 and its two-hundred day moving average price is $95.75.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. AECOM had a net margin of 1.61% and a return on equity of 24.14%. 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 firm 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 anticipate that AECOM will post 4.47 earnings per share for the current year.

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

AECOM Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a yield of 0.96%. AECOM’s dividend payout ratio (DPR) is currently 47.31%.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of AECOM by 5.5% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,339,185 shares of the construction company’s stock worth $206,176,000 after purchasing an additional 122,015 shares during the period. Geode Capital Management LLC grew its stake in AECOM by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,270,408 shares of the construction company’s stock valued at $233,918,000 after buying an additional 14,511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in AECOM by 17.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after acquiring an additional 289,513 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of AECOM by 15.5% in the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock worth $154,464,000 after acquiring an additional 235,350 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of AECOM by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 1,628,924 shares of the construction company’s stock worth $143,573,000 after purchasing an additional 258,250 shares during the last quarter. Institutional investors own 85.41% of the company’s stock.

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.