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

AECOM (NYSE:ACM) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is $119.38.

Several research firms have weighed in on ACM. Citigroup lifted their price target on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted their target price on AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Barclays boosted their price objective on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Finally, Truist Financial increased their target price on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd.

AECOM Stock Down 0.1 %

Shares of AECOM stock opened at $116.74 on Wednesday. The stock’s 50-day moving average is $106.53 and its 200 day moving average is $96.42. AECOM has a one year low of $82.23 and a one year high of $118.12. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.98 and a beta of 1.17. 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 (NYSE:ACM) last posted its quarterly earnings results 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. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. Equities research analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM declared that its Board of Directors has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 annualized dividend and a yield of 0.89%. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is 29.73%.

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 31,228 shares in the company, valued at $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 SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On AECOM

Institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of AECOM during the 1st quarter worth approximately $25,000. Private Trust Co. NA purchased a new stake in shares of AECOM during the third quarter valued at approximately $30,000. Family Firm Inc. bought a new stake in AECOM during the second quarter worth $31,000. True Wealth Design LLC boosted its position in AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock worth $40,000 after purchasing an additional 257 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

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.