AECOM (NYSE:ACM) Price Target Cut to $127.00 by Analysts at Citigroup

AECOM (NYSE:ACM) had its target price cut by Citigroup from $128.00 to $127.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird upped 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 lowered their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target on the stock. Truist Financial increased their price objective on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $119.13.

AECOM Price Performance

ACM opened at $104.63 on Wednesday. The company has a fifty day moving average price of $110.21 and a two-hundred day moving average price of $103.66. The firm has a market capitalization of $13.88 billion, a PE ratio of 35.35, a P/E/G ratio of 1.89 and a beta of 1.19. AECOM has a 52 week low of $82.23 and a 52 week high of $118.56. 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 (NYSE:ACM) last issued 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 return on equity of 25.46% and a net margin of 2.50%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business earned $1.01 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that AECOM will post 5.08 earnings per share for the current year.

AECOM announced that its board has authorized a share repurchase plan on Monday, November 18th that allows the company to repurchase $1.00 billion in 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 usually an indication that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, January 2nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. This is a positive change from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, January 2nd. AECOM’s dividend payout ratio (DPR) is currently 35.14%.

Insider Buying and Selling

In related news, CFO Gaurav Kapoor sold 42,400 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the sale, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This trade represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AECOM

Several large investors have recently bought and sold shares of ACM. Asset Management One Co. Ltd. grew its stake in shares of AECOM by 3.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 107,844 shares of the construction company’s stock worth $11,613,000 after purchasing an additional 4,012 shares during the last quarter. Great Lakes Retirement Inc. grew its position in shares of AECOM by 3.4% in the 4th quarter. Great Lakes Retirement Inc. now owns 13,520 shares of the construction company’s stock valued at $1,444,000 after buying an additional 442 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of AECOM during the fourth quarter worth about $51,000. Conning Inc. acquired a new position in shares of AECOM in the fourth quarter worth approximately $364,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AECOM by 31.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,992 shares of the construction company’s stock valued at $1,495,000 after acquiring an additional 3,374 shares during the last quarter. 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.