AECOM (NYSE:ACM) Reaches New 1-Year High - Here's Why

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.

AECOM (NYSE:ACM - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock 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.

Wall Street Analysts Forecast Growth

ACM has been the topic of several recent research reports. KeyCorp boosted their price target on AECOM from $129.00 to $131.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their target price on shares of 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 upped their target price on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. UBS Group lifted their price target on shares of AECOM from $126.00 to $139.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Robert W. Baird upped their price objective on shares of AECOM from $108.00 to $118.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $128.44.

AECOM Trading Down 0.6%

The firm has a market cap of $16.55 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. The business's 50 day moving average is $116.54 and its 200-day moving average is $106.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

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

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders 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 dividend payout ratio is presently 22.66%.

Insider Activity at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction that occurred on Friday, August 15th. The stock was 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 at this hyperlink. Insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On AECOM

Several large investors have recently added to or reduced their stakes in the company. TCTC Holdings LLC increased its stake in AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. MAI Capital Management acquired a new position in shares of AECOM in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its position in shares of 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 bought a new stake in shares of AECOM during the 1st quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC raised its stake in AECOM by 189.3% during the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company's stock worth $34,000 after acquiring an additional 195 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.