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

ACM has been the topic of a number of analyst reports. KeyCorp reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Bank of America Corp. reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a report on Tuesday, May 24th. Zacks Investment Research raised Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Thursday, May 5th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.36.

The stock has a 50-day moving average of $32.20 and a 200 day moving average of $29.95. The company has a market capitalization of $5.26 billion and a PE ratio of 1008.24.

Aecom Technology Corp. (NYSE:ACM) last released its earnings results on Tuesday, May 10th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. During the same quarter in the previous year, the company earned $0.58 EPS. The company earned $4.38 billion during the quarter, compared to analysts’ expectations of $4.54 billion. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts predict that Aecom Technology Corp. will post $3.23 earnings per share for the current fiscal year.

In other news, insider Michael John Donnelly sold 5,700 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $33.00, for a total transaction of $188,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael S. Burke sold 2,909 shares of the firm’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $34.00, for a total transaction of $98,906.00. Following the transaction, the chief executive officer now owns 108,562 shares in the company, valued at approximately $3,691,108. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 in the last quarter. PNC Financial Services Group Inc. increased 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 in the last quarter. Deere & Co. increased 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 in the last quarter. BNP Paribas Arbitrage SA increased 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 in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased 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 in 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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