Aecom Technology Corp. (ACM) Stock Price Down 2.7%
Aecom Technology Corp. (NYSE:ACM)’s share price dropped 2.7% during mid-day trading on Tuesday . The company traded as low as $33.56 and last traded at $34.16, with a volume of 1,746,012 shares changing hands. The stock had previously closed at $35.09.
ACM has been the subject of a number of recent analyst reports. Standpoint Research restated a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, July 27th. Zacks Investment Research upgraded Aecom Technology Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Bank of America Corp. restated a “buy” rating on shares of Aecom Technology Corp. in a report on Tuesday, May 24th. Deutsche Bank AG restated a “buy” rating on shares of Aecom Technology Corp. in a report on Thursday, April 21st. Finally, TheStreet upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Aecom Technology Corp. currently has a consensus rating of “Buy” and a consensus target price of $35.64.
The firm has a 50 day moving average price of $33.94 and a 200 day moving average price of $31.14. The company has a market capitalization of $5.14 billion and a PE ratio of 58.46.
Aecom Technology Corp. (NYSE:ACM) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.70 by $0.11. The company earned $4.41 billion during the quarter, compared to analyst estimates of $4.52 billion. Aecom Technology Corp.’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. On average, equities analysts anticipate that Aecom Technology Corp. will post $3.27 earnings per share for the current fiscal year.
In other Aecom Technology Corp. news, insider Frederick W. Werner sold 8,000 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $31.55, for a total transaction of $252,400.00. Following the completion of the sale, the insider now owns 50,649 shares of the company’s stock, valued at $1,597,975.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Burke sold 22,091 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 111,471 shares of the company’s stock, valued at approximately $3,790,014. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Aecom Technology Corp. stock. Dimensional Fund Advisors LP raised its stake in Aecom Technology Corp. (NYSE:ACM) by 7.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,104,550 shares of the company’s stock after buying an additional 228,502 shares during the period. Dimensional Fund Advisors LP owned 2.05% of Aecom Technology Corp. worth $93,233,000 at the end of the most recent reporting 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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