AECOM (NYSE:ACM) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its holdings in AECOM (NYSE:ACM) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,501 shares of the construction company’s stock after purchasing an additional 601 shares during the period. Loomis Sayles & Co. L P owned approximately 0.12% of AECOM worth $16,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ACM. Dynamic Technology Lab Private Ltd purchased a new stake in AECOM in the 3rd quarter valued at about $1,362,000. Daiwa Securities Group Inc. raised its stake in shares of AECOM by 5.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 40,400 shares of the construction company’s stock valued at $4,172,000 after acquiring an additional 2,200 shares during the period. Cerity Partners LLC raised its stake in shares of AECOM by 79.3% in the 3rd quarter. Cerity Partners LLC now owns 25,348 shares of the construction company’s stock valued at $2,618,000 after acquiring an additional 11,209 shares during the period. Citigroup Inc. lifted its holdings in shares of AECOM by 5.7% in the 3rd quarter. Citigroup Inc. now owns 585,174 shares of the construction company’s stock worth $60,431,000 after acquiring an additional 31,299 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of AECOM by 2.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 31,402 shares of the construction company’s stock worth $3,467,000 after purchasing an additional 859 shares during the period. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACM. Barclays boosted their target price on AECOM from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their target price on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Truist Financial lifted their target price on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Citigroup increased their price target on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AECOM presently has a consensus rating of “Buy” and a consensus price target of $119.38.

Insiders Place Their Bets

In other news, CFO Gaurav Kapoor sold 42,400 shares of the 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 approximately $3,601,837.52. This represents a 57.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by company insiders.

AECOM Stock Down 0.1 %

ACM stock opened at $116.74 on Wednesday. The company’s 50 day moving average price is $106.53 and its 200 day moving average price is $96.42. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 1.98 and a beta of 1.17. AECOM has a fifty-two week low of $82.23 and a fifty-two week high of $118.12. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13.

AECOM (NYSE:ACM) last announced 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. AECOM had a net margin of 2.50% and a return on equity of 25.46%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the firm posted $1.01 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from AECOM’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. AECOM’s dividend payout ratio (DPR) is currently 29.73%.

AECOM declared that its Board of Directors 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 repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership 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.