Noesis Capital Mangement Corp reduced its position in Aecom (NYSE:ACM) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the construction company’s stock after selling 1,000 shares during the quarter. Noesis Capital Mangement Corp’s holdings in Aecom were worth $263,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of ACM. Advisory Services Network LLC lifted its position in Aecom by 310.2% in the second quarter. Advisory Services Network LLC now owns 1,005 shares of the construction company’s stock worth $38,000 after purchasing an additional 760 shares during the period. Sterling Investment Advisors Ltd. bought a new position in Aecom in the second quarter worth $76,000. Sound Income Strategies LLC bought a new position in Aecom in the second quarter worth $155,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Aecom by 47.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,508 shares of the construction company’s stock worth $171,000 after purchasing an additional 1,457 shares during the period. Finally, Loews Corp bought a new position in Aecom in the second quarter worth $207,000. 86.53% of the stock is owned by hedge funds and other institutional investors.
Aecom stock traded up $0.56 during mid-day trading on Monday, hitting $43.00. 1,277,066 shares of the company were exchanged, compared to its average volume of 948,583. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $39.12 and a 200 day moving average of $35.91. Aecom has a 1-year low of $24.83 and a 1-year high of $43.16. The company has a market capitalization of $6.68 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.36 and a beta of 1.75.
Several research analysts recently commented on the company. ValuEngine cut Aecom from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup increased their price objective on Aecom from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Barclays upgraded Aecom from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $38.00 in a research note on Monday, August 19th. Bank of America upgraded Aecom from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $45.00 in a research note on Monday, October 14th. Finally, Deutsche Bank upgraded Aecom from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $49.00 in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Aecom presently has an average rating of “Buy” and a consensus price target of $42.20.
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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