AECOM (NYSE:ACM) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• AECOM (NYSE:ACM) has received a consensus recommendation of "Buy" from nine research firms, with an average price objective of $128.44.
• CEO Troy Rudd recently sold 53,097 shares at an average price of $119.56, totaling over $6.3 million.
• The company declared a quarterly dividend of $0.26 per share, with an ex-dividend date of October 1st and an annualized yield of 0.8%.

Shares of AECOM (NYSE:ACM - Get Free Report) have been assigned a consensus rating of "Buy" from the nine research firms that are presently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $128.4444.

Several analysts have weighed in on ACM shares. KeyCorp lifted their price objective on AECOM from $129.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. UBS Group lifted their price objective on AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen cut AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up from $122.00) on shares of AECOM in a research report on Monday, July 28th. Finally, Barclays lifted their price objective on AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th.

AECOM Trading Down 0.3%

Shares of NYSE ACM traded down $0.34 during trading hours on Tuesday, hitting $132.65. The company's stock had a trading volume of 3,177,669 shares, compared to its average volume of 966,250. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.97 and a beta of 0.99. AECOM has a 12 month low of $85.00 and a 12 month high of $133.81. The business has a 50-day simple moving average of $120.47 and a 200-day simple moving average of $108.93.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $4.33 billion. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The business's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Wednesday, October 1st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, October 1st. AECOM's payout ratio is presently 22.66%.

Insiders Place Their Bets

In related news, CEO Troy Rudd sold 53,097 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AECOM

Hedge funds have recently added to or reduced their stakes in the company. TCTC Holdings LLC raised its holdings in AECOM by 120.3% in the 1st quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after acquiring an additional 166 shares during the last quarter. MAI Capital Management purchased a new stake in AECOM during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its stake in AECOM by 212.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock valued at $29,000 after buying an additional 215 shares during the last quarter. SVB Wealth LLC purchased a new stake in AECOM during the 1st quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in AECOM by 189.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company's stock valued at $34,000 after buying an additional 195 shares during the last quarter. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

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.