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

Noesis Capital Mangement Corp lessened its position in AECOM (NYSE:ACM) by 11.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,000 shares of the construction company’s stock after selling 500 shares during the period. Noesis Capital Mangement Corp’s holdings in AECOM were worth $370,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in AECOM in the 4th quarter worth about $35,000. Headlands Technologies LLC purchased a new stake in shares of AECOM in the fourth quarter worth approximately $40,000. Manchester Capital Management LLC purchased a new position in AECOM during the 3rd quarter valued at $38,000. Friedenthal Financial bought a new position in AECOM in the 4th quarter valued at $44,000. Finally, Tobam purchased a new stake in AECOM in the fourth quarter worth $58,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

AECOM Stock Up 0.5 %

ACM stock traded up $0.49 during trading on Friday, reaching $94.72. 654,285 shares of the company traded hands, compared to its average volume of 573,515. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 210.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50 day simple moving average of $93.69 and a 200 day simple moving average of $89.43. AECOM has a 12 month low of $74.40 and a 12 month high of $98.72.

AECOM (NYSE:ACM) last issued its quarterly earnings results on Tuesday, February 6th. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $3.90 billion for the quarter. AECOM had a return on equity of 21.45% and a net margin of 0.42%. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts anticipate that AECOM will post 4.43 earnings per share for the current fiscal year.

AECOM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, April 23rd. AECOM’s dividend payout ratio is presently 195.56%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACM. Citigroup boosted their target price on shares of AECOM from $107.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Truist Financial began coverage on shares of AECOM in a research note on Thursday, March 14th. They set a “buy” rating and a $106.00 price target for the company. Barclays raised their price objective on AECOM from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Robert W. Baird upped their target price on AECOM from $100.00 to $103.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $109.00 price target on shares of AECOM in a research note on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $105.43.

About AECOM

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.