AECOM (NYSE:ACM) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of AECOM (NYSE:ACM) in a research note issued on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $130.00 price target on the construction company’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 15.31% from the company’s previous close.

Other analysts have also issued research reports about the company. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a research note on Sunday, October 27th. Citigroup boosted their price objective on AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted their price objective on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research note on Tuesday. Royal Bank of Canada boosted their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, KeyCorp boosted their price objective on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $118.13.

AECOM Stock Performance

Shares of NYSE ACM opened at $112.74 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. The business’s 50 day moving average is $105.47 and its two-hundred day moving average is $95.95. The company has a market cap of $15.12 billion, a P/E ratio of 38.09, a P/E/G ratio of 1.64 and a beta of 1.17. AECOM has a 12 month low of $82.23 and a 12 month high of $115.74.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.03. AECOM had a return on equity of 25.28% and a net margin of 2.50%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $1.01 EPS. AECOM’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that AECOM will post 4.95 EPS for the current year.

AECOM announced that its Board of Directors has initiated a stock repurchase program on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the transaction, the chief financial officer now directly owns 31,228 shares of the company’s stock, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Ninety One UK Ltd acquired a new position in AECOM during the second quarter valued at approximately $46,109,000. International Assets Investment Management LLC acquired a new position in AECOM during the third quarter valued at approximately $42,201,000. DekaBank Deutsche Girozentrale boosted its position in AECOM by 451.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 481,769 shares of the construction company’s stock valued at $47,617,000 after purchasing an additional 394,481 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AECOM by 17.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,989,238 shares of the construction company’s stock valued at $205,429,000 after purchasing an additional 289,513 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in AECOM by 1,847.8% during the third quarter. National Bank of Canada FI now owns 274,857 shares of the construction company’s stock valued at $28,384,000 after purchasing an additional 260,746 shares during the last quarter. 85.41% of the stock is owned by institutional investors and hedge funds.

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.