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

ACM has been the topic of several recent research reports. Bank of America Corp. reissued a “buy” rating on shares of Aecom Technology Corp. in a research note on Tuesday, May 24th. Zacks Investment Research raised Aecom Technology Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Canaccord Genuity initiated coverage on Aecom Technology Corp. in a research note on Monday, April 11th. They issued a “hold” rating and a $31.00 price target on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $41.00 price target on shares of Aecom Technology Corp. in a research note on Tuesday, April 12th. Finally, KeyCorp reissued 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 given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.36.

The firm has a 50-day moving average price of $32.56 and a 200 day moving average price of $30.10. The firm has a market cap of $5.39 billion and a PE ratio of 1034.12.

Aecom Technology Corp. (NYSE:ACM) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. During the same period last year, the company posted $0.58 EPS. The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.54 billion. The business’s revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that Aecom Technology Corp. will post $3.23 EPS for the current year.

In other news, SVP Ronald E. Osborne sold 5,000 shares of the stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president now owns 19,346 shares of the company’s stock, valued at approximately $619,072. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Daniel R. Tishman sold 30,000 shares of the stock in a transaction dated Tuesday, June 14th. The stock was 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 in the company, valued at approximately $10,193,364.72. The disclosure for this sale can be found here.

Several institutional investors recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 period. Deere & Co. boosted 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 period. Boston Partners boosted its position in Aecom Technology Corp. by 1.2% in the fourth quarter. Boston Partners now owns 329,146 shares of the company’s stock worth $9,884,000 after buying an additional 3,999 shares during the period. BNP Paribas Arbitrage SA boosted 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 period. Finally, Liberty Mutual Group Asset Management Inc. boosted 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 period.

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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