Brokerages Set AECOM (NYSE:ACM) Target Price at $119.38

Shares of AECOM (NYSE:ACM) have been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $119.38.

ACM has been the topic of several analyst reports. KeyCorp raised their target price on AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price target on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group began coverage on shares of AECOM in a research note on Friday, November 22nd. They set a “buy” rating and a $130.00 price objective on the stock. Citigroup upped their price objective on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Truist Financial raised their target price on shares of AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd.

Insider Activity at AECOM

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

Institutional Investors Weigh In On AECOM

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position 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 period. PNC Financial Services Group Inc. boosted its holdings in shares of AECOM by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 9,459 shares of the construction company’s stock worth $977,000 after purchasing an additional 103 shares during the period. Fifth Third Bancorp boosted its holdings in shares of 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 purchasing an additional 114 shares during the period. CIBC Asset Management Inc grew its position in AECOM by 3.5% during the third quarter. CIBC Asset Management Inc now owns 3,949 shares of the construction company’s stock valued at $408,000 after purchasing an additional 132 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in AECOM by 4.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,102 shares of the construction company’s stock valued at $273,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Down 0.3 %

AECOM stock opened at $110.38 on Friday. 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 one year low of $82.23 and a one year high of $118.56. The company has a 50-day simple moving average of $110.20 and a 200-day simple moving average of $99.04. The firm has a market capitalization of $14.62 billion, a P/E ratio of 37.13, a P/E/G ratio of 1.92 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its earnings results on Monday, November 18th. The construction company reported $1.27 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 analysts’ expectations of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. AECOM’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, equities analysts expect that AECOM will post 5.1 earnings per share for the current year.

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.

AECOM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. This represents a $1.04 annualized dividend and a dividend yield of 0.94%. AECOM’s dividend payout ratio (DPR) is 35.14%.

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.