Aecom Technology Corp. (NYSE:ACM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $35.70 and last traded at $35.69, with a volume of 471,964 shares. The stock had previously closed at $35.00.

A number of brokerages have recently weighed in on ACM. Deutsche Bank AG began coverage on Aecom Technology Corp. in a research note on Wednesday, April 6th. They set a “buy” rating and a $41.00 price target on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a research note on Saturday, June 4th. Bank of America Corp. reaffirmed 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 “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, May 5th. Finally, KeyCorp restated a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.36.

The stock has a market capitalization of $5.50 billion and a PE ratio of 1055.00. The stock has a 50-day moving average of $32.92 and a 200 day moving average of $30.30.

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

In related news, CEO Michael S. Burke sold 2,909 shares of the stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $34.00, for a total value of $98,906.00. Following the completion of the transaction, the chief executive officer now directly owns 108,562 shares of the company’s stock, valued at approximately $3,691,108. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Burke sold 22,091 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $34.00, for a total value of $751,094.00. Following the completion of the transaction, the chief executive officer now directly owns 111,471 shares of the company’s stock, valued at $3,790,014. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of 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 worth $93,233,000 after buying an additional 228,502 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of 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. UBS Oconnor LLC raised its position in shares of Aecom Technology Corp. by 1,739.7% in the fourth quarter. UBS Oconnor LLC now owns 473,987 shares of the company’s stock worth $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 shares of 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 worth $54,054,000 after buying an additional 240,000 shares during the last quarter. Finally, Deere & Co. raised its position in shares of 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.

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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