Aecom Technology Corp. (NYSE:ACM) reached a new 52-week high during trading on Wednesday . The stock traded as high as $34.29 and last traded at $34.03, with a volume of 440,689 shares trading hands. The stock had previously closed at $33.98.

Several research firms recently commented on ACM. Zacks Investment Research cut shares of Aecom Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Argus reaffirmed a “hold” rating on shares of Aecom Technology Corp. in a research report on Saturday, June 4th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a research report on Saturday, June 4th. Deutsche Bank AG reiterated a “buy” rating on shares of Aecom Technology Corp. in a research note on Thursday, April 21st. Finally, KeyCorp reiterated a “buy” rating on shares of Aecom Technology Corp. in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Aecom Technology Corp. presently has a consensus rating of “Buy” and an average target price of $34.36.

The company has a market cap of $5.23 billion and a price-to-earnings ratio of 1002.35. The company’s 50-day moving average price is $32.09 and its 200 day moving average price is $29.89.

Aecom Technology Corp. (NYSE:ACM) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. During the same period last year, the business posted $0.58 earnings per share. The business earned $4.38 billion during the quarter, compared to the consensus estimate of $4.54 billion. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that Aecom Technology Corp. will post $3.23 earnings per share for the current year.

In related news, Vice Chairman Daniel R. Tishman sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $31.92, for a total transaction of $957,600.00. Following the transaction, the insider now directly owns 319,341 shares of the company’s stock, valued at $10,193,364.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Burke sold 22,091 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $34.00, for a total transaction of $751,094.00. Following the transaction, the chief executive officer now directly owns 111,471 shares in the company, valued at $3,790,014. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in ACM. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Aecom Technology Corp. by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,897 shares of the company’s stock worth $1,318,000 after buying an additional 314 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Aecom Technology Corp. by 1,401.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 55,076 shares of the company’s stock worth $1,653,000 after buying an additional 51,409 shares during the last quarter. Deere & Co. raised its position in Aecom Technology Corp. by 2.4% in the fourth quarter. Deere & Co. now owns 63,867 shares of the company’s stock worth $1,918,000 after buying an additional 1,527 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Aecom Technology Corp. by 7.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 84,472 shares of the company’s stock worth $2,537,000 after buying an additional 5,514 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in Aecom Technology Corp. by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 97,315 shares of the company’s stock worth $2,923,000 after buying an additional 33,017 shares during the last quarter.

AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Company provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services.

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