Aecom Technology Corp. (NYSE:ACM) shares hit a new 52-week high on Wednesday . The company traded as high as $34.80 and last traded at $34.73, with a volume of 491,479 shares trading hands. The stock had previously closed at $34.28.

A number of brokerages have recently weighed in on ACM. Zacks Investment Research upgraded Aecom Technology Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. Credit Suisse Group AG reiterated a “buy” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Argus reiterated a “hold” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Canaccord Genuity assumed coverage on Aecom Technology Corp. in a research report on Monday, April 11th. They set a “hold” rating and a $31.00 price objective for the company. Finally, Deutsche Bank AG assumed coverage on Aecom Technology Corp. in a research report on Wednesday, April 6th. They set a “buy” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $34.36.

The company has a 50-day moving average price of $32.40 and a 200-day moving average price of $30.03. The firm has a market cap of $5.33 billion and a price-to-earnings ratio of 1022.65.

Aecom Technology Corp. (NYSE:ACM) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm posted $0.58 EPS. Aecom Technology Corp.’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts predict that Aecom Technology Corp. will post $3.23 EPS for the current fiscal year.

In related news, CEO Michael S. Burke sold 2,909 shares of the business’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $34.00, for a total value of $98,906.00. Following the transaction, the chief executive officer now owns 108,562 shares in the company, valued at $3,691,108. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Ronald E. Osborne sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president now owns 19,346 shares in the company, valued at approximately $619,072. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Aecom Technology Corp. by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,104,550 shares of the company’s stock valued at $93,233,000 after buying an additional 228,502 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 valued at $2,537,000 after buying an additional 5,514 shares during the last quarter. UBS Oconnor LLC raised its position in Aecom Technology Corp. by 1,739.7% in the fourth quarter. UBS Oconnor LLC now owns 473,987 shares of the company’s stock valued at $14,234,000 after buying an additional 448,222 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Aecom Technology Corp. by 15.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,800,000 shares of the company’s stock valued at $54,054,000 after buying an additional 240,000 shares during the last quarter. Finally, 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 valued at $1,918,000 after buying an additional 1,527 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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