Noesis Capital Mangement Corp Sells 200 Shares of AECOM $ACM

Noesis Capital Mangement Corp cut its holdings in shares of AECOM (NYSE:ACM) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the construction company’s stock after selling 200 shares during the period. Noesis Capital Mangement Corp’s holdings in AECOM were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACM. Cambridge Investment Research Advisors Inc. lifted its holdings in AECOM by 3.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company’s stock worth $722,000 after acquiring an additional 286 shares in the last quarter. KBC Group NV raised its stake in shares of AECOM by 96.7% in the 1st quarter. KBC Group NV now owns 37,867 shares of the construction company’s stock valued at $3,511,000 after purchasing an additional 18,612 shares during the period. Private Trust Co. NA raised its stake in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company’s stock valued at $38,000 after purchasing an additional 112 shares during the period. Mutual Advisors LLC raised its stake in shares of AECOM by 3.8% in the 1st quarter. Mutual Advisors LLC now owns 4,609 shares of the construction company’s stock valued at $449,000 after purchasing an additional 169 shares during the period. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of AECOM in the 1st quarter valued at about $256,000. 85.41% of the stock is currently owned by institutional investors.

AECOM Price Performance

NYSE:ACM opened at $133.46 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50-day simple moving average is $128.96 and its 200 day simple moving average is $116.45. The company has a market cap of $17.68 billion, a P/E ratio of 29.08, a P/E/G ratio of 1.94 and a beta of 1.03. AECOM has a 52-week low of $85.00 and a 52-week high of $134.88.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.09. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, sell-side analysts forecast that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Wednesday, October 1st were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, October 1st. AECOM’s payout ratio is 22.66%.

Insider Activity

In related news, CEO Troy Rudd sold 53,097 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total value of $6,348,277.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

ACM has been the topic of several recent research reports. National Bank Financial initiated coverage on AECOM in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price target on the stock. Bank of America lifted their price target on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Barclays lifted their price target on AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “buy (b)” rating on shares of AECOM in a research note on Wednesday, October 8th. Finally, Truist Financial lifted their price target on AECOM from $128.00 to $146.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $137.30.

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.