AECOM (NYSE:ACM) Price Target Raised to $120.00 at Barclays

AECOM (NYSE:ACM) had its price objective lifted by Barclays from $105.00 to $120.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

Other equities research analysts have also recently issued reports about the stock. KeyCorp reduced their price target on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Citigroup reduced their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Robert W. Baird decreased their price objective on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, AECOM has an average rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Performance

ACM stock opened at $108.12 on Thursday. AECOM has a 1-year low of $82.23 and a 1-year high of $118.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $109.11 and a 200-day moving average price of $104.20. The firm has a market cap of $14.34 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19.

AECOM (NYSE:ACM) last issued its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 25.46% and a net margin of 2.50%. As a group, equities research analysts expect that AECOM will post 5.08 earnings per share for the current year.

AECOM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, January 2nd. This is a positive change from AECOM’s previous quarterly dividend of $0.22. AECOM’s dividend payout ratio (DPR) is currently 35.14%.

AECOM announced that its Board of Directors has initiated a stock buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 6.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On AECOM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. grew its stake in shares of AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock worth $25,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP boosted its holdings in AECOM by 390.6% during the fourth quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares during the last quarter. Private Trust Co. NA bought a new stake in AECOM in the 3rd quarter worth about $30,000. True Wealth Design LLC increased its stake in AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after buying an additional 297 shares during the last quarter. Finally, National Pension Service bought a new position in shares of AECOM during the 4th quarter worth approximately $32,000. 85.41% of the stock is 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.