AECOM (NYSE:ACM) Reaches New 12-Month High - Should You Buy?

Key Points

• AECOM's shares reached a new 52-week high of $126.15 and closed at $125.70, with over 1.87 million shares traded.
• The company received multiple price target upgrades from analysts, with Citigroup raising its target to $137.00 and UBS Group increasing theirs to $139.00, reflecting a positive consensus rating of "Buy".
• AECOM reported $1.34 earnings per share for its last quarter, exceeding estimates, and set FY 2025 guidance between $5.200 and $5.300 EPS.

Shares of AECOM (NYSE:ACM - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $126.15 and last traded at $125.70, with a volume of 1873449 shares trading hands. The stock had previously closed at $123.13.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup reaffirmed a "buy" rating and set a $137.00 target price (up from $122.00) on shares of AECOM in a research note on Monday, July 28th. Royal Bank Of Canada upped their price objective on AECOM from $123.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Bank of America increased their price objective on AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Robert W. Baird boosted their target price on AECOM from $108.00 to $118.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, UBS Group upped their price target on AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AECOM currently has a consensus rating of "Buy" and a consensus price target of $128.44.

AECOM Trading Up 2.1%

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 company's 50-day moving average price is $115.61 and its 200-day moving average price is $105.64. The firm has a market capitalization of $16.65 billion, a PE ratio of 27.39, a PEG ratio of 1.83 and a beta of 0.99.

AECOM (NYSE:ACM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.25 by $0.09. The company 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%.AECOM's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.16 earnings per share. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. On average, sell-side analysts expect that AECOM will post 5.1 earnings per share for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $1.04 annualized dividend and a yield of 0.8%. AECOM's payout ratio is presently 22.66%.

Insider Buying and Selling

In other AECOM news, CEO Troy Rudd sold 53,097 shares of the firm'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 transaction of $6,348,277.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Archer Investment Corp lifted its position in AECOM by 9.3% in the second quarter. Archer Investment Corp now owns 1,175 shares of the construction company's stock valued at $133,000 after acquiring an additional 100 shares during the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of AECOM by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 2,867 shares of the construction company's stock worth $266,000 after purchasing an additional 101 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of AECOM by 2.1% during the second quarter. Pallas Capital Advisors LLC now owns 5,214 shares of the construction company's stock worth $588,000 after purchasing an additional 107 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of AECOM by 38.5% in the 2nd quarter. Allworth Financial LP now owns 392 shares of the construction company's stock valued at $44,000 after purchasing an additional 109 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the period. 85.41% of the stock is owned by hedge funds and other 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.

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