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 research note released on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on ACM. National Bank Financial started coverage on shares of AECOM in a report on Wednesday. They set an “outperform” rating and a $151.00 price target for the company. Truist Financial boosted their target price on shares of AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen raised shares of AECOM from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. UBS Group boosted their target price on shares of AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Barclays boosted their target price on shares of AECOM from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AECOM has a consensus rating of “Buy” and an average price target of $133.20.

AECOM Trading Down 1.9%

Shares of ACM stock opened at $128.85 on Wednesday. AECOM has a 12-month low of $85.00 and a 12-month high of $133.81. The company has a market capitalization of $17.07 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.77 and a beta of 1.03. The firm has a 50-day moving average price of $125.53 and a 200 day moving average price of $112.52. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.09. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm posted $1.16 EPS. The firm’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. Research analysts forecast that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, October 1st. AECOM’s dividend payout ratio is 22.66%.

Insider Buying and Selling at AECOM

In other news, CEO Troy Rudd sold 53,097 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total value of $6,348,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC boosted its holdings in AECOM by 120.3% during the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. MAI Capital Management acquired a new position in AECOM during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its stake in AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. SVB Wealth LLC acquired a new stake in AECOM in the first quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC lifted its stake in AECOM by 189.3% in the second quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock valued at $34,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

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.