Aecom Technology Corp. (ACM) Trading Down 2.7%
Aecom Technology Corp. (NYSE:ACM) shares were down 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.
A number of research analysts have issued reports on ACM shares. Zacks Investment Research lowered shares of Aecom Technology Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Bank of America Corp. reissued a “buy” rating on shares of Aecom Technology Corp. in a research note on Tuesday, May 24th. TheStreet raised shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. KeyCorp reissued a “buy” rating on shares of Aecom Technology Corp. in a research note on Wednesday, June 29th. Finally, DA Davidson boosted their target price on shares of Aecom Technology Corp. from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.64.
The firm has a market cap of $4.92 billion and a price-to-earnings ratio of 56.01. The company has a 50 day moving average price of $34.11 and a 200-day moving average price of $31.19.
Aecom Technology Corp. (NYSE:ACM) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.11. The business earned $4.41 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts predict that Aecom Technology Corp. will post $3.27 earnings per share for the current fiscal year.
In related news, insider Frederick W. Werner sold 8,000 shares of the stock in a transaction dated Wednesday, June 15th. The shares were 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 in the company, valued at approximately $1,597,975.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Burke sold 22,091 shares of the stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $34.00, for a total transaction of $751,094.00. Following the sale, the chief executive officer now owns 111,471 shares of the company’s stock, valued at approximately $3,790,014. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Aecom Technology Corp. stock. Dimensional Fund Advisors LP boosted its position in Aecom Technology Corp. (NYSE:ACM) by 7.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.
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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