Loomis Sayles & Co. L P Acquires 6,007 Shares of AECOM (NYSE:ACM)

Loomis Sayles & Co. L P lifted its stake in AECOM (NYSE:ACM) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,508 shares of the construction company’s stock after purchasing an additional 6,007 shares during the quarter. Loomis Sayles & Co. L P owned about 0.13% of AECOM worth $18,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ACM. Principal Securities Inc. raised its stake in AECOM by 95.9% during the fourth quarter. Principal Securities Inc. now owns 237 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the last quarter. Allworth Financial LP raised its position in shares of AECOM by 390.6% in the 4th quarter. Allworth Financial LP now owns 260 shares of the construction company’s stock worth $29,000 after purchasing an additional 207 shares during the last quarter. Private Trust Co. NA bought a new position in AECOM in the 3rd quarter worth about $30,000. True Wealth Design LLC boosted its stake in AECOM by 4,242.9% in the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Finally, National Pension Service bought a new stake in AECOM during the 4th quarter valued at about $32,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACM. Barclays upped their target price on shares of AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. KeyCorp lowered their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Citigroup reduced their target price on AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, Robert W. Baird decreased their price target on AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $120.38.

AECOM Stock Performance

ACM stock opened at $92.48 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The company has a market cap of $12.27 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The stock’s fifty day moving average price is $100.34 and its 200-day moving average price is $105.05.

AECOM (NYSE:ACM) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. On average, equities analysts forecast that AECOM will post 5.1 earnings per share for the current year.

AECOM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.04 annualized dividend and a yield of 1.12%. AECOM’s dividend payout ratio (DPR) is 29.55%.

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.