AECOM (NYSE:ACM) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

AECOM (NYSE:ACM)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $100.72 and traded as high as $107.75. AECOM shares last traded at $106.82, with a volume of 384,914 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently commented on ACM. Robert W. Baird raised their price objective on shares of AECOM from $113.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Citigroup lifted their price target on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group assumed coverage on AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. StockNews.com raised AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Finally, Truist Financial boosted their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, AECOM has an average rating of “Buy” and an average target price of $119.38.

AECOM Price Performance

The stock has a 50-day moving average of $110.60 and a two-hundred day moving average of $100.76. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.03.

AECOM (NYSE:ACM) last posted its quarterly earnings data on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, analysts anticipate that AECOM will post 5.1 EPS for the current year.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.98%. This is a boost from AECOM’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, January 2nd. AECOM’s payout ratio is presently 35.14%.

AECOM announced that its board has initiated a share buyback plan on Monday, November 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at AECOM

In other news, CFO Gaurav Kapoor sold 42,400 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $115.34, for a total value of $4,890,416.00. Following the transaction, the chief financial officer now owns 31,228 shares in the company, valued at $3,601,837.52. This represents a 57.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of AECOM by 2,660.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,270 shares of the construction company’s stock valued at $112,000 after buying an additional 1,224 shares during the period. Rothschild Investment LLC purchased a new stake in shares of AECOM during the second quarter worth $67,000. Commonwealth Equity Services LLC boosted its position in AECOM by 2.0% during the second quarter. Commonwealth Equity Services LLC now owns 41,538 shares of the construction company’s stock valued at $3,661,000 after purchasing an additional 833 shares during the last quarter. TD Asset Management Inc boosted its position in AECOM by 2.9% during the second quarter. TD Asset Management Inc now owns 12,489 shares of the construction company’s stock valued at $1,101,000 after purchasing an additional 352 shares during the last quarter. Finally, Impax Asset Management Group plc grew its stake in AECOM by 15.5% in the second quarter. Impax Asset Management Group plc now owns 1,752,487 shares of the construction company’s stock valued at $154,464,000 after purchasing an additional 235,350 shares in the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

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.