AECOM’s (ACM) “Buy (B)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their buy (b) rating on shares of AECOM (NYSE:ACM) in a report published on Friday morning,Weiss Ratings reports.

Other analysts have also issued research reports about the company. Truist Financial increased their price objective on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. UBS Group increased their price objective on AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Barclays increased their price objective on AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. KeyCorp increased their price objective on AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Wall Street Zen lowered AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $137.30.

AECOM Stock Up 0.3%

Shares of NYSE ACM opened at $132.93 on Friday. AECOM has a one year low of $85.00 and a one year high of $134.88. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s 50 day simple moving average is $128.22 and its two-hundred day simple moving average is $115.64. The stock has a market capitalization of $17.61 billion, a P/E ratio of 28.96, a PEG ratio of 1.95 and a beta of 1.03.

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

AECOM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. AECOM’s dividend payout ratio (DPR) is presently 22.66%.

Insider Buying and Selling

In related news, CEO Troy Rudd sold 53,097 shares of the firm’s stock in a transaction 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. 0.41% of the stock is owned by insiders.

Institutional Trading of AECOM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACM. Orion Porfolio Solutions LLC lifted its stake in AECOM by 28,246.5% in the second quarter. Orion Porfolio Solutions LLC now owns 5,335,667 shares of the construction company’s stock worth $602,183,000 after acquiring an additional 5,316,844 shares during the period. Invesco Ltd. lifted its stake in AECOM by 79.1% in the second quarter. Invesco Ltd. now owns 4,361,755 shares of the construction company’s stock worth $492,268,000 after acquiring an additional 1,926,466 shares during the period. Norges Bank purchased a new stake in AECOM in the second quarter worth $200,879,000. Nuveen LLC purchased a new stake in AECOM in the first quarter worth $78,900,000. Finally, The Manufacturers Life Insurance Company lifted its position in AECOM by 421.9% during the first quarter. The Manufacturers Life Insurance Company now owns 936,273 shares of the construction company’s stock valued at $86,821,000 after buying an additional 756,859 shares during the period. Hedge funds and other institutional investors own 85.41% of the company’s stock.

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.