Noesis Capital Mangement Corp Has $320,000 Stock Holdings in AECOM (NYSE:ACM)

Noesis Capital Mangement Corp trimmed its position in AECOM (NYSE:ACM) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Principal Securities Inc. boosted its holdings 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 acquiring an additional 116 shares during the period. Allworth Financial LP lifted its position in shares of AECOM by 390.6% during 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 stake in AECOM during the 3rd quarter valued at approximately $30,000. True Wealth Design LLC boosted its stake in AECOM by 4,242.9% during the 3rd quarter. True Wealth Design LLC now owns 304 shares of the construction company’s stock valued at $31,000 after purchasing an additional 297 shares during the period. Finally, National Pension Service acquired a new stake in AECOM in the 4th quarter valued at approximately $32,000. 85.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ACM. Barclays upped their price target on AECOM from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group began coverage on shares of AECOM in a report on Friday, November 22nd. They issued a “buy” rating and a $130.00 price target for the company. Robert W. Baird dropped their price objective on shares of AECOM from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Citigroup cut their price objective on shares of AECOM from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, KeyCorp decreased their target price on AECOM from $122.00 to $121.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $120.38.

AECOM Stock Up 3.0 %

Shares of ACM opened at $100.18 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $105.54 and a two-hundred day moving average price of $105.33. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 1.63 and a beta of 1.19. AECOM has a 12 month low of $82.23 and a 12 month high of $118.56.

AECOM (NYSE:ACM) last posted its earnings results on Monday, February 3rd. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. AECOM had a return on equity of 26.84% and a net margin of 2.93%. Equities analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM announced that its board has authorized a stock buyback program on Monday, November 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

AECOM 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.