AECOM (NYSE:ACM) Receives Consensus Rating of “Buy” from Analysts

AECOM (NYSE:ACM) has earned an average rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is $107.25.

A number of equities research analysts have recently weighed in on ACM shares. Truist Financial reaffirmed a “buy” rating and issued a $113.00 price objective (up from $106.00) on shares of AECOM in a research note on Wednesday, May 8th. UBS Group lifted their target price on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. KeyCorp lifted their target price on AECOM from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Citigroup lifted their target price on AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Robert W. Baird lifted their target price on AECOM from $104.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th.

Insider Transactions at AECOM

In other news, Director Douglas Stotlar sold 7,179 shares of AECOM stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now owns 34,667 shares in the company, valued at $3,241,711.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On AECOM

Several institutional investors have recently added to or reduced their stakes in the stock. Findlay Park Partners LLP increased its position in AECOM by 22.6% in the 1st quarter. Findlay Park Partners LLP now owns 2,561,327 shares of the construction company’s stock valued at $251,215,000 after acquiring an additional 472,944 shares during the period. Norges Bank acquired a new position in AECOM in the 4th quarter valued at about $159,060,000. Jacobs Levy Equity Management Inc. increased its position in AECOM by 2.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 980,228 shares of the construction company’s stock worth $96,141,000 after purchasing an additional 26,079 shares during the period. First Trust Advisors LP increased its position in AECOM by 9.9% during the 4th quarter. First Trust Advisors LP now owns 886,451 shares of the construction company’s stock worth $81,935,000 after purchasing an additional 79,760 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in AECOM by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 886,328 shares of the construction company’s stock worth $81,923,000 after purchasing an additional 22,596 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Trading Down 0.8 %

Shares of NYSE ACM opened at $88.14 on Friday. AECOM has a twelve month low of $74.40 and a twelve month high of $98.72. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $89.82 and a 200-day simple moving average of $90.97. The stock has a market capitalization of $12.00 billion, a PE ratio of -979.22, a PEG ratio of 1.25 and a beta of 1.21.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.01). AECOM had a negative net margin of 0.09% and a positive return on equity of 22.73%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that AECOM will post 4.49 earnings per share for the current year.

AECOM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, July 3rd. AECOM’s dividend payout ratio (DPR) is currently -977.67%.

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.