AECOM (NYSE:ACM) Hits New 52-Week High at $74.95

Shares of AECOM (NYSE:ACM) reached a new 52-week high during trading on Tuesday . The stock traded as high as $74.95 and last traded at $74.80, with a volume of 27456 shares traded. The stock had previously closed at $73.35.

Several research firms have commented on ACM. KeyCorp lifted their target price on shares of AECOM from $78.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 16th. Credit Suisse Group boosted their price objective on shares of AECOM from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, November 16th. Citigroup boosted their price objective on shares of AECOM from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, November 16th. Zacks Investment Research raised shares of AECOM from a “sell” rating to a “hold” rating and set a $77.00 price objective for the company in a research note on Wednesday, November 17th. Finally, Barclays boosted their price objective on shares of AECOM from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, November 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $79.71.

The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 64.21, a price-to-earnings-growth ratio of 1.17 and a beta of 1.53. The company’s fifty day moving average is $67.37 and its two-hundred day moving average is $65.08.

AECOM (NYSE:ACM) last posted its earnings results on Monday, November 15th. The construction company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.37 billion. AECOM had a net margin of 1.30% and a return on equity of 14.55%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, analysts forecast that AECOM will post 3.3 earnings per share for the current fiscal year.

AECOM declared that its board has authorized a stock buyback plan on Thursday, September 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 10.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other AECOM news, Director Daniel R. Tishman sold 29,792 shares of the business’s stock in a transaction on Monday, October 25th. The shares were sold at an average price of $69.00, for a total value of $2,055,648.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.33% of the company’s stock.

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its holdings in AECOM by 473.1% in the 3rd quarter. IFP Advisors Inc now owns 533 shares of the construction company’s stock worth $35,000 after buying an additional 440 shares in the last quarter. Fifth Third Bancorp increased its position in shares of AECOM by 44.8% in the 3rd quarter. Fifth Third Bancorp now owns 585 shares of the construction company’s stock worth $37,000 after purchasing an additional 181 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of AECOM by 1,645.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 611 shares of the construction company’s stock worth $38,000 after purchasing an additional 576 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of AECOM by 182.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 594 shares of the construction company’s stock worth $38,000 after purchasing an additional 384 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of AECOM in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 86.35% of the company’s stock.

About AECOM (NYSE:ACM)

AECOM engages in the design, build, finance, and operation of infrastructure assets for governments, businesses and organizations. It operates through the following segments: Americas, International, and AECOM Capital. The Americas segment engages in planning, consulting, architectural and engineering design, and construction management services to commercial and government clients in the United States, Canada, and Latin America in major end markets such as transportation, water, government, facilities, environmental, and energy.

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