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The United States Senate just renewed funding for highway and airport improvement projects, which should preserve the jobs for numerous workers, and should also benefit the companies involved in providing infrastructure services and products for the Federal government.

Many of these companies are publicly traded companies, and can be found on the free list of infrastructure stocks that WallStreetNewsNetwork.com recently updated. These companies include the suppliers, the contractors, and the consultants.

As an example, URS Corporation (URS) provides consulting, engineering, and construction services for surface, air, and rail transportation networks, ports and harbors, and water supply and water treatment systems. The stock has a very reasonable price to earnings ratio of 9.3, a forward PE of 7.7, with a very reasonable price to earnings growth ratio, also known as a PEG ratio, of 0.80. Earnings for the latest quarter were up 7.9% on a 4.9% increase in revenues.

Michael Baker Corporation (BKR) provides professional engineering and consulting services for the public and private sector covering the life cycle of infrastructure. The stock trades at 21.4 times earnings, and 9.6 times forward earnings, with a PEG ratio of 1.03.

AECOM Technology Corporation (ACM) is a provider of professional, technical, and management support services to government and commercial businesses. The stock trades at 8.6 times current earnings and 6.7 times forward earnings, with a PEG of 0.53.

To see other top infrastructure stocks, access the free list at WallStreetNewsNetwork.com, which can be downloaded, updated, and sorted.

Disclosure: Author does not own any of the above.
Source: Senate Renews Highway Funding: Take Advantage With Infrastructure Stocks