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

AECOM (NYSE:ACM) has been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $119.25.

A number of equities analysts have recently commented on the company. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. KeyCorp reduced their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Citigroup boosted their target price on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their target price on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Robert W. Baird boosted their target price on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th.

AECOM Price Performance

AECOM stock opened at $108.39 on Thursday. AECOM has a one year low of $82.23 and a one year high of $118.56. The business has a fifty day moving average price of $110.65 and a 200-day moving average price of $101.86. 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 firm has a market capitalization of $14.36 billion, a P/E ratio of 36.62, a PEG ratio of 1.92 and a beta of 1.19.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities research analysts forecast that AECOM will post 5.1 EPS for the current year.

AECOM declared that its board has initiated a share repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a $0.26 dividend. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, January 2nd. AECOM’s dividend payout ratio is presently 35.14%.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’s 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 completion of the sale, the chief financial officer now owns 31,228 shares of the company’s stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AECOM

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fiduciary Alliance LLC bought a new stake in shares of AECOM in the 4th quarter valued at about $655,000. TT International Asset Management LTD bought a new position in AECOM during the 4th quarter valued at approximately $3,578,000. Wealth Enhancement Advisory Services LLC raised its position in AECOM by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,830 shares of the construction company’s stock valued at $809,000 after purchasing an additional 109 shares during the last quarter. Everence Capital Management Inc. bought a new position in AECOM during the 4th quarter valued at approximately $458,000. Finally, GAMMA Investing LLC raised its position in AECOM by 35.3% during the 4th quarter. GAMMA Investing LLC now owns 1,528 shares of the construction company’s stock valued at $163,000 after purchasing an additional 399 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.