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

Shares of AECOM (NYSE:ACM) have received an average rating of “Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $120.38.

A number of equities research analysts have recently commented on ACM shares. Barclays upped their target price on AECOM from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They issued a “buy” rating and a $130.00 target price on the stock. Citigroup lowered their price target on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Finally, Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in AECOM in the 3rd quarter valued at about $42,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of AECOM by 17.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock worth $205,429,000 after acquiring an additional 289,513 shares in the last quarter. National Bank of Canada FI boosted its holdings in AECOM by 1,847.8% in the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after purchasing an additional 260,746 shares during the last quarter. JPMorgan Chase & Co. grew its stake in AECOM by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock valued at $79,339,000 after purchasing an additional 220,035 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in AECOM by 293.7% during the 3rd quarter. Verition Fund Management LLC now owns 180,602 shares of the construction company’s stock worth $18,651,000 after purchasing an additional 134,730 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

AECOM Price Performance

AECOM stock opened at $107.14 on Monday. The stock has a market capitalization of $14.21 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.81 and a beta of 1.19. AECOM has a 12-month low of $82.23 and a 12-month high of $118.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.13. The firm’s 50-day moving average is $108.74 and its two-hundred day moving average is $104.57.

AECOM (NYSE:ACM) last announced its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a net margin of 2.93% and a return on equity of 26.84%. Equities analysts predict that AECOM will post 5.1 earnings per share for the current year.

AECOM announced that its board has initiated a share repurchase plan on Monday, November 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio is currently 29.55%.

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.