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

AECOM (NYSE:ACM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $110.00 and last traded at $109.69, with a volume of 120063 shares trading hands. The stock had previously closed at $108.04.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of AECOM from $112.00 to $113.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Truist Financial increased their target price on shares of AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Robert W. Baird raised their target price on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Barclays increased their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM has an average rating of “Buy” and a consensus target price of $113.29.

AECOM Stock Performance

The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 59.73, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock’s fifty day simple moving average is $102.87 and its 200-day simple moving average is $94.81.

AECOM (NYSE:ACM) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a net margin of 1.61% and a return on equity of 24.14%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business earned $0.94 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Analysts predict that AECOM will post 4.46 EPS for the current year.

AECOM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, October 2nd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, October 2nd. AECOM’s payout ratio is 47.31%.

Insider Buying and Selling at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the sale, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

Institutional Trading of AECOM

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of AECOM by 1.6% in the 1st quarter. BNP Paribas Financial Markets now owns 99,026 shares of the construction company’s stock valued at $9,712,000 after acquiring an additional 1,597 shares during the period. Janney Montgomery Scott LLC raised its position in AECOM by 1,082.9% in the first quarter. Janney Montgomery Scott LLC now owns 34,778 shares of the construction company’s stock worth $3,411,000 after acquiring an additional 31,838 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of AECOM by 16.2% during the 1st quarter. Nordea Investment Management AB now owns 22,274 shares of the construction company’s stock worth $2,194,000 after purchasing an additional 3,109 shares in the last quarter. Duality Advisers LP purchased a new stake in shares of AECOM during the 1st quarter worth $248,000. Finally, SG Americas Securities LLC grew its stake in shares of AECOM by 1,717.1% during the 1st quarter. SG Americas Securities LLC now owns 163,480 shares of the construction company’s stock worth $16,034,000 after purchasing an additional 154,483 shares during the period. 85.41% of the stock is owned by hedge funds and other 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.