Citigroup Has Lowered Expectations for AECOM (NYSE:ACM) Stock Price

AECOM (NYSE:ACM) had its price objective decreased by Citigroup from $128.00 to $127.00 in a report released on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

Several other research analysts have also recently commented on the stock. Truist Financial increased their target price on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. KeyCorp reduced their price objective on shares of AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. The Goldman Sachs Group assumed coverage on AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 price target for the company. Finally, Robert W. Baird boosted their price target on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $119.13.

AECOM Price Performance

ACM stock opened at $105.57 on Wednesday. The stock has a 50-day moving average price of $109.85 and a two-hundred day moving average price of $103.81. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The stock has a market cap of $14.00 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. AECOM’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Equities analysts forecast that AECOM will post 5.08 EPS for the current fiscal year.

AECOM announced that its board has authorized a share repurchase plan on Monday, November 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.26 per share. This is an increase from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, January 2nd. AECOM’s payout ratio is currently 35.14%.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On AECOM

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Securities Inc. boosted its stake in AECOM by 95.9% in the 4th quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the period. Allworth Financial LP lifted its holdings in shares of 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 buying an additional 207 shares in the last quarter. Private Trust Co. NA acquired a new stake in shares of AECOM during the third quarter worth $30,000. True Wealth Design LLC boosted its position in shares of AECOM by 4,242.9% in the third quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after acquiring an additional 297 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of AECOM by 196.2% in the third quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds 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.