AECOM (NYSE:ACM) Receives $119.38 Consensus Price Target from Brokerages

AECOM (NYSE:ACM) has been given a consensus rating of “Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $119.38.

Several analysts recently issued reports on the stock. StockNews.com raised shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Truist Financial upped their price target 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 price objective on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group assumed coverage on AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 target price for the company. Finally, Citigroup lifted their price target on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report 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 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AECOM

A number of hedge funds have recently made changes to their positions in ACM. Private Trust Co. NA bought a new stake in AECOM during the third quarter worth about $30,000. True Wealth Design LLC grew its position in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after acquiring an additional 297 shares during the last quarter. Family Firm Inc. acquired a new stake in AECOM during the 2nd quarter valued at $31,000. UMB Bank n.a. raised its position 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. acquired a new position in AECOM in the third quarter worth $50,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Up 0.1 %

AECOM stock opened at $107.04 on Friday. AECOM has a one year low of $82.23 and a one year high of $118.56. The company’s fifty day moving average price is $110.41 and its two-hundred day moving average price is $99.31. 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 company has a market capitalization of $14.18 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.92 and a beta of 1.17.

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

AECOM Increases Dividend

The firm 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. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. AECOM’s dividend payout ratio is currently 35.14%.

AECOM announced that its Board of Directors has authorized a stock repurchase 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 repurchase up to 6.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.