Natixis Boosts Stake in AECOM (NYSE:ACM)

Natixis boosted its stake in shares of AECOM (NYSE:ACM) by 1,247.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,268 shares of the construction company’s stock after buying an additional 124,307 shares during the period. Natixis owned 0.10% of AECOM worth $13,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its holdings in shares of AECOM by 112.2% during the 4th quarter. SG Americas Securities LLC now owns 8,997 shares of the construction company’s stock valued at $832,000 after purchasing an additional 4,758 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of AECOM by 5.4% during the 4th quarter. Raymond James & Associates now owns 33,923 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 1,740 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of AECOM by 85.4% during the 4th quarter. Pacer Advisors Inc. now owns 27,325 shares of the construction company’s stock valued at $2,526,000 after purchasing an additional 12,589 shares during the last quarter. Great Lakes Retirement Inc. lifted its holdings in shares of AECOM by 6.2% during the 4th quarter. Great Lakes Retirement Inc. now owns 9,899 shares of the construction company’s stock valued at $915,000 after purchasing an additional 576 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of AECOM by 4.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 4,522 shares of the construction company’s stock valued at $418,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 1.9 %

ACM traded up $1.64 during midday trading on Thursday, hitting $89.00. 1,058,694 shares of the company were exchanged, compared to its average volume of 771,039. The company’s 50 day simple moving average is $87.59 and its 200 day simple moving average is $90.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. AECOM has a 1-year low of $74.40 and a 1-year high of $98.72.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, May 6th. The construction company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.01). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. AECOM’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Equities research analysts expect that AECOM will post 4.47 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, July 3rd. AECOM’s payout ratio is currently -977.67%.

Insider Transactions at AECOM

In other news, Director Douglas Stotlar sold 7,179 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $93.51, for a total transaction of $671,308.29. Following the sale, the director now directly owns 34,667 shares of the company’s stock, valued at approximately $3,241,711.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ACM. UBS Group increased their price objective on AECOM from $105.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Truist Financial cut their target price on AECOM from $113.00 to $107.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. KeyCorp cut their target price on AECOM from $105.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Robert W. Baird cut their target price on AECOM from $110.00 to $96.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Finally, Citigroup cut their target price on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $101.88.

AECOM 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.