Analysts Set AECOM (NYSE:ACM) Target Price at $137.30

AECOM (NYSE:ACM) has earned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is $137.30.

A number of equities research analysts recently weighed in on ACM shares. Citigroup upped their price target on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, October 20th. UBS Group boosted their price objective on shares of AECOM from $126.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Truist Financial increased their target price on AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, National Bank Financial started coverage on AECOM in a research report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 price target for the company.

AECOM Trading Up 0.8%

Shares of ACM opened at $131.70 on Wednesday. AECOM has a twelve month low of $85.00 and a twelve month high of $135.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $17.44 billion, a P/E ratio of 28.69, a PEG ratio of 1.96 and a beta of 1.06. The firm’s 50-day moving average is $130.29 and its two-hundred day moving average is $118.96.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM’s payout ratio is presently 22.66%.

Insider Transactions at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of AECOM stock in a transaction on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ACM. Westend Capital Management LLC acquired a new stake in shares of AECOM in the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp acquired a new position in shares of AECOM during the third quarter valued at $26,000. TCTC Holdings LLC grew its position in AECOM by 120.3% in the 1st 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 bought a new position in AECOM in the 1st quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company’s stock worth $29,000 after purchasing an additional 215 shares in 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.