Noesis Capital Mangement Corp Sells 500 Shares of AECOM (NYSE:ACM)

Noesis Capital Mangement Corp lowered its holdings in AECOM (NYSE:ACM) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,000 shares of the construction company’s stock after selling 500 shares during the quarter. Noesis Capital Mangement Corp’s holdings in AECOM were worth $320,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Magnus Financial Group LLC raised its holdings in shares of AECOM by 93.5% in the fourth quarter. Magnus Financial Group LLC now owns 4,860 shares of the construction company’s stock valued at $519,000 after buying an additional 2,348 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of AECOM by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 768,266 shares of the construction company’s stock worth $79,339,000 after acquiring an additional 220,035 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of AECOM by 5.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,680 shares of the construction company’s stock worth $26,714,000 after acquiring an additional 12,224 shares during the last quarter. TT International Asset Management LTD acquired a new position in shares of AECOM during the fourth quarter worth approximately $3,578,000. Finally, Park Avenue Securities LLC grew its stake in shares of AECOM by 176.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,239 shares of the construction company’s stock valued at $773,000 after purchasing an additional 4,625 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ACM. Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Citigroup cut their price target on AECOM from $128.00 to $127.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. KeyCorp lowered their price objective on AECOM from $122.00 to $121.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group initiated coverage on shares of AECOM in a research report on Friday, November 22nd. They set a “buy” rating and a $130.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of AECOM from $119.00 to $129.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $120.38.

AECOM Price Performance

Shares of ACM opened at $100.18 on Friday. The stock has a market cap of $13.29 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. AECOM has a 1 year low of $82.23 and a 1 year high of $118.56. The stock’s 50-day moving average price is $105.54 and its two-hundred day moving average price is $105.33. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

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

AECOM announced that its board has approved a share buyback plan on Monday, November 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are 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.