UBS AG restated their buy rating on shares of AECOM (NYSE:ACM) in a report issued on Tuesday morning. The firm currently has a $4.00 price objective on the construction company’s stock, down from their prior price objective of $40.00.

Other analysts have also recently issued reports about the company. Credit Suisse Group restated a neutral rating on shares of AECOM in a research report on Tuesday. Zacks Investment Research lowered AECOM from a hold rating to a strong sell rating in a research note on Friday, August 11th. Robert W. Baird reaffirmed a hold rating and set a $36.00 price target on shares of AECOM in a research note on Tuesday, September 5th. Citigroup Inc. set a $40.00 price target on AECOM and gave the company a buy rating in a research note on Thursday, August 17th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $36.00 price target on shares of AECOM in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $31.70.

AECOM (NYSE:ACM) traded down $0.01 on Tuesday, reaching $34.20. The company had a trading volume of 339,694 shares, compared to its average volume of 965,021. AECOM has a 12-month low of $30.15 and a 12-month high of $40.72. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.96. The firm has a market cap of $5,360.00, a PE ratio of 12.12, a P/E/G ratio of 1.86 and a beta of 1.71.

AECOM (NYSE:ACM) last posted its earnings results on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. AECOM had a return on equity of 12.51% and a net margin of 1.86%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the firm earned $0.65 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. equities analysts predict that AECOM will post 2.74 EPS for the current fiscal year.

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AECOM announced that its Board of Directors has approved a stock buyback program on Thursday, September 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 18.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In related news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares in the company, valued at $5,711,394. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Burke sold 56,800 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total value of $2,093,648.00. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

Several large investors have recently made changes to their positions in ACM. Crow Point Partners LLC purchased a new stake in shares of AECOM during the third quarter worth $102,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of AECOM by 4.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,410 shares of the construction company’s stock worth $122,000 after acquiring an additional 160 shares in the last quarter. Financial Architects Inc raised its holdings in shares of AECOM by 1.0% during the second quarter. Financial Architects Inc now owns 4,632 shares of the construction company’s stock worth $150,000 after acquiring an additional 48 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of AECOM by 220.7% during the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock worth $159,000 after acquiring an additional 3,388 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of AECOM by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after acquiring an additional 576 shares in the last quarter. Institutional investors and hedge funds own 82.07% of the company’s stock.

About AECOM

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

Analyst Recommendations for AECOM (NYSE:ACM)

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