AECOM (NYSE:ACM) Declares Dividend Increase – $0.26 Per Share

AECOM (NYSE:ACM) declared a quarterly dividend on Monday, November 18th,RTT News reports. Stockholders of record on Thursday, January 2nd will be given a dividend of 0.26 per share by the construction company on Friday, January 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. This is a boost from AECOM’s previous quarterly dividend of $0.22.

AECOM has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect AECOM to earn $4.95 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 17.8%.

AECOM Trading Up 2.1 %

AECOM stock opened at $109.19 on Tuesday. The stock has a market cap of $14.64 billion, a P/E ratio of 58.70, a PEG ratio of 1.61 and a beta of 1.17. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $115.74. The firm’s fifty day moving average price is $104.62 and its 200-day moving average price is $95.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.13.

Insider Buying and Selling at AECOM

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total transaction of $4,890,416.00. Following the completion of the sale, the chief financial officer now directly owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a research report on Sunday, October 27th. Robert W. Baird upped their target price on shares of AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays upped their target price on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, KeyCorp upped their target price on shares of AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $116.43.

AECOM declared that its board has authorized a stock repurchase program on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.