AECOM (NYSE:ACM) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp lowered its stake in AECOM (NYSE:ACM) by 12.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,500 shares of the construction company’s stock after selling 500 shares during the quarter. Noesis Capital Mangement Corp’s holdings in AECOM were worth $361,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EntryPoint Capital LLC purchased a new position in AECOM during the first quarter valued at $25,000. Private Trust Co. NA acquired a new position in shares of AECOM during the 3rd quarter worth about $30,000. Family Firm Inc. purchased a new position in AECOM in the 2nd quarter valued at about $31,000. UMB Bank n.a. lifted its stake in AECOM by 196.2% in the 3rd quarter. UMB Bank n.a. now owns 388 shares of the construction company’s stock valued at $40,000 after buying an additional 257 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in AECOM by 4,375.0% in the 2nd quarter. Versant Capital Management Inc now owns 537 shares of the construction company’s stock worth $47,000 after buying an additional 525 shares during the last quarter. Institutional investors and hedge funds own 85.41% of the company’s stock.

Insider Activity

In related news, CFO Gaurav Kapoor sold 42,400 shares of AECOM stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $115.34, for a total value of $4,890,416.00. Following the completion of the sale, the chief financial officer now owns 31,228 shares in the company, valued at approximately $3,601,837.52. This trade represents a 57.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

AECOM Stock Performance

ACM opened at $116.74 on Thursday. The stock has a market capitalization of $15.46 billion, a PE ratio of 39.44, a P/E/G ratio of 1.99 and a beta of 1.17. AECOM has a one year low of $82.23 and a one year high of $118.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50 day moving average price is $107.29 and its 200 day moving average price is $96.73.

AECOM (NYSE:ACM) last announced its quarterly earnings results on Monday, November 18th. The construction company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. AECOM had a return on equity of 25.46% and a net margin of 2.50%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 EPS. As a group, equities research analysts expect that AECOM will post 5.1 EPS for the current year.

AECOM declared that its board has approved a stock repurchase program on Monday, November 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

AECOM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.26 per share. 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 dividend yield of 0.89%. AECOM’s dividend payout ratio (DPR) is currently 29.73%.

Wall Street Analysts Forecast Growth

ACM has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on AECOM in a research note on Friday, November 22nd. They issued a “buy” rating and a $130.00 price objective for the company. Barclays raised their price target on shares of AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com upgraded shares of AECOM from a “hold” rating to a “buy” rating in a report on Sunday, October 27th. Citigroup raised their target price on shares of AECOM from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial increased their price target on AECOM from $119.00 to $129.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $119.38.

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.