AECOM (NYSE:ACM) Reaches New 1-Year High – Should You Buy?

AECOM (NYSE:ACM)’s share price hit a new 52-week high on Thursday . The company traded as high as $135.52 and last traded at $134.3850, with a volume of 260217 shares trading hands. The stock had previously closed at $132.72.

Analyst Upgrades and Downgrades

ACM has been the subject of a number of research reports. KeyCorp increased their price target on AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Truist Financial boosted their price target on AECOM from $128.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. UBS Group lifted their target price on AECOM from $126.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of AECOM in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, AECOM presently has a consensus rating of “Buy” and a consensus price target of $137.30.

AECOM Trading Up 1.6%

The firm has a 50 day simple moving average of $130.46 and a 200 day simple moving average of $119.05. The firm has a market cap of $17.86 billion, a P/E ratio of 29.36, a P/E/G ratio of 1.96 and a beta of 1.06. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Wednesday, October 1st were given a $0.26 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $1.04 annualized dividend and a yield of 0.8%. AECOM’s payout ratio is presently 22.66%.

Insider Activity at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the company’s 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 Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by insiders.

Institutional Trading of AECOM

Institutional investors have recently modified their holdings of the company. Westend Capital Management LLC purchased a new stake in AECOM in the third quarter worth $26,000. Atlantic Union Bankshares Corp purchased a new stake in AECOM in the third quarter worth approximately $26,000. Ameriflex Group Inc. increased its position in AECOM by 100.0% during the third quarter. Ameriflex Group Inc. now owns 294 shares of the construction company’s stock valued at $38,000 after acquiring an additional 147 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in AECOM by 189.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company’s stock worth $34,000 after buying an additional 195 shares during the period. Finally, MAI Capital Management purchased a new position in AECOM during the first quarter valued at $28,000. 85.41% of the stock is currently 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.