Citigroup Issues Pessimistic Forecast for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price target decreased by Citigroup from $128.00 to $127.00 in a research note published on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

Other analysts have also issued reports about the company. Truist Financial boosted their price objective 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. KeyCorp dropped their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird upped their price objective on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, The Goldman Sachs Group initiated coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price for the company. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM currently has a consensus rating of “Buy” and a consensus price target of $119.13.

AECOM Stock Down 0.8 %

Shares of NYSE ACM opened at $104.63 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $110.21 and its 200 day simple moving average is $103.66. The firm has a market cap of $13.88 billion, a PE ratio of 35.35, a P/E/G ratio of 1.89 and a beta of 1.19. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56.

AECOM (NYSE:ACM) last issued its earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. AECOM’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, sell-side analysts forecast that AECOM will post 5.08 earnings per share for the current fiscal year.

AECOM Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.99%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is presently 35.14%.

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

Insider Buying and Selling at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the business’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 $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of AECOM by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after purchasing an additional 91 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in AECOM by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after purchasing an additional 103 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AECOM by 1.4% in the 4th 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. Avitas Wealth Management LLC lifted its stake in shares of AECOM by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 18,939 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 110 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of AECOM by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after acquiring an additional 132 shares during the period. Hedge funds and other 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.