Analysts Set AECOM (NYSE:ACM) Price Target at $116.43

AECOM (NYSE:ACM) has earned a consensus rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $119.38.

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

Insider Activity

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. Insiders own 0.42% of the company’s stock.

Institutional Trading of AECOM

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of AECOM by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock valued at $977,000 after buying an additional 103 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in AECOM by 3.4% during the first quarter. CreativeOne Wealth LLC now owns 3,423 shares of the construction company’s stock worth $336,000 after acquiring an additional 114 shares in the last quarter. Fifth Third Bancorp boosted its stake in AECOM by 6.7% during the second quarter. Fifth Third Bancorp now owns 1,808 shares of the construction company’s stock worth $159,000 after acquiring an additional 114 shares in the last quarter. CIBC Asset Management Inc grew its holdings in AECOM by 3.5% in the third quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock worth $408,000 after purchasing an additional 132 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of AECOM by 4.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock valued at $273,000 after purchasing an additional 138 shares in the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Stock Performance

NYSE ACM opened at $116.30 on Wednesday. AECOM has a 52-week low of $82.23 and a 52-week high of $116.76. The company has a fifty day moving average of $105.79 and a 200-day moving average of $96.06. The company has a market capitalization of $15.59 billion, a P/E ratio of 38.35, a P/E/G ratio of 1.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. AECOM had a return on equity of 25.28% and a net margin of 2.50%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. As a group, equities research analysts predict that AECOM will post 4.95 EPS for the current fiscal year.

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

AECOM Increases Dividend

The firm 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. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from AECOM’s previous quarterly dividend of $0.22. AECOM’s payout ratio is currently 29.73%.

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.