By otakuyassine3@gmail.com 
AECOM (NYSE:ACM – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $100.72 and traded as high as $107.75. AECOM shares last traded at $106.82, with a volume of 384,914 shares traded.
Wall Street Analyst Weigh In
ACM has been the subject of a number of recent analyst reports. Robert W. Baird raised their price target on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. KeyCorp raised their target price on AECOM from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Truist Financial raised their price objective on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Citigroup upped their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $119.38.
Check Out Our Latest Analysis on AECOM
AECOM Price Performance
The stock has a market capitalization of $14.08 billion, a P/E ratio of 35.91, a PEG ratio of 1.92 and a beta of 1.17. The company has a 50 day moving average of $110.60 and a 200-day moving average of $100.76. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.03.
AECOM (NYSE:ACM – Get Free Report) last posted its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts predict that AECOM will post 5.1 EPS for the current year.
AECOM Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. AECOM’s dividend payout ratio is 35.14%.
AECOM announced that its Board of Directors has initiated a stock repurchase program on Monday, November 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
Insider Activity at AECOM
In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the company’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 owns 31,228 shares in the company, valued at approximately $3,601,837.52. This represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.42% of the company’s stock.
Institutional Investors Weigh In On AECOM
A number of hedge funds have recently made changes to their positions in the business. Private Trust Co. NA acquired a new stake in AECOM in the 3rd quarter valued at approximately $30,000. True Wealth Design LLC grew its stake in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of AECOM by 196.2% during the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after purchasing an additional 257 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in shares of AECOM during the third quarter valued at about $50,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of AECOM during the third quarter valued at about $59,000. Institutional investors own 85.41% of the company’s stock.
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.
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