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

Shares of AECOM (NYSE:ACM) have received an average recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $119.38.

A number of brokerages have commented on ACM. Truist Financial lifted their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Robert W. Baird upped their target price on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. KeyCorp increased their target price on AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Citigroup upped their target price on shares of AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

AECOM Price Performance

Shares of NYSE ACM opened at $107.99 on Friday. The company has a market cap of $14.30 billion, a PE ratio of 36.48, a P/E/G ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.56. The business has a 50-day simple moving average of $110.45 and a two-hundred day simple moving average of $99.57.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts expect that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

The business 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. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. AECOM’s dividend payout ratio (DPR) is 35.14%.

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

Insider Transactions at AECOM

In related news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by insiders.

Institutional Trading of AECOM

Hedge funds have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas acquired a new stake in shares of AECOM during the 3rd quarter worth about $2,928,000. Franklin Resources Inc. boosted its stake in AECOM by 1.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,162 shares of the construction company’s stock worth $655,000 after acquiring an additional 91 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of AECOM in the 3rd quarter valued at $177,000. Teachers Retirement System of The State of Kentucky grew its position in shares of AECOM by 15.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 137,918 shares of the construction company’s stock valued at $14,243,000 after purchasing an additional 18,810 shares during the period. Finally, Toronto Dominion Bank raised its holdings in shares of AECOM by 29.5% during the third quarter. Toronto Dominion Bank now owns 17,986 shares of the construction company’s stock worth $1,857,000 after acquiring an additional 4,102 shares during the period. Institutional investors own 85.41% of the company’s stock.

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.