AECOM (NYSE:ACM) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of AECOM (NYSE:ACM - Free Report) in a report released on Friday, MarketBeat reports. The brokerage issued a buy rating and a $130.00 target price on the construction company's stock.

Several other equities research analysts have also issued reports on ACM. Truist Financial boosted their price target on shares of AECOM from $108.00 to $119.00 and gave the company a "buy" rating in a report on Friday, October 4th. Royal Bank of Canada boosted their price target on shares of AECOM from $112.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Citigroup boosted their price target on shares of AECOM from $110.00 to $128.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. KeyCorp boosted their price target on shares of AECOM from $115.00 to $122.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, StockNews.com raised shares of AECOM from a "hold" rating to a "buy" rating in a report on Sunday, October 27th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has an average rating of "Buy" and a consensus target price of $119.38.

AECOM Stock Up 2.7 %

NYSE ACM traded up $3.03 during trading on Friday, reaching $115.59. The company's stock had a trading volume of 1,090,194 shares, compared to its average volume of 802,424. The business has a 50-day moving average price of $105.79 and a 200-day moving average price of $96.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 1-year low of $82.23 and a 1-year high of $116.76. The stock has a market capitalization of $15.50 billion, a PE ratio of 38.35, a PEG ratio of 1.64 and a beta of 1.17.

AECOM (NYSE:ACM - Get Free Report) last announced its 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 25.28%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. AECOM's revenue was up 4.9% compared to the same quarter last year. On average, research analysts forecast that AECOM will post 4.95 earnings per share for the current fiscal year.

AECOM announced that its board has initiated a share buyback plan 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 plans are typically a sign that the company's leadership believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. This is a boost from AECOM's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, January 2nd. AECOM's dividend payout ratio is presently 29.73%.

Insider Activity

In other 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 value of $4,890,416.00. Following the completion of the sale, the chief financial officer now owns 31,228 shares of the company's stock, valued at approximately $3,601,837.52. The trade was a 57.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.

Institutional Trading of AECOM

Institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new position in shares of AECOM in the 1st quarter worth $25,000. Private Trust Co. NA purchased a new stake in shares of AECOM during the 3rd quarter valued at $30,000. True Wealth Design LLC increased its position in shares of AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company's stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Family Firm Inc. bought a new position in shares of AECOM during the 2nd quarter worth $31,000. Finally, UMB Bank n.a. grew its stake in shares of AECOM by 196.2% during the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company's stock worth $40,000 after acquiring an additional 257 shares during the period. 85.41% of the stock is currently owned by institutional investors.

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.