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

AECOM (NYSE:ACM) declared a quarterly dividend on Monday, November 18th,RTT News reports. Investors of record on Thursday, January 2nd will be paid a dividend of 0.26 per share by the construction company on Friday, January 17th. This represents a $1.04 annualized dividend and a 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 2.1 %

Shares of NYSE:ACM opened at $109.19 on Tuesday. The firm has a market cap of $14.64 billion, a P/E ratio of 58.70, a P/E/G ratio of 1.61 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.98. AECOM has a 12-month low of $82.23 and a 12-month high of $115.74. The business has a fifty day simple moving average of $104.62 and a 200 day simple moving average of $95.65.

Insider Buying and Selling

In other AECOM news, CFO Gaurav Kapoor sold 42,400 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now owns 31,228 shares of the company’s stock, valued at $3,601,837.52. The trade was a 57.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. KeyCorp raised their target price on AECOM from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price objective on AECOM from $113.00 to $122.00 and gave the stock an “outperform” rating in a research report on Tuesday. Truist Financial raised their target price on AECOM from $108.00 to $119.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Citigroup raised their target price on AECOM from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, AECOM has a consensus rating of “Buy” and a consensus target price of $116.43.

AECOM declared that its Board of Directors has initiated a stock buyback program on Monday, November 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 6.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.