Aecom Technology Corp. (ACM) Sees Large Volume Increase
Shares of Aecom Technology Corp. (NYSE:ACM) saw an uptick in trading volume on Wednesday . 1,696,624 shares traded hands during trading, an increase of 18% from the previous session’s volume of 1,439,891 shares.The stock last traded at $32.25 and had previously closed at $33.44.
A number of research firms have weighed in on ACM. Citigroup Inc. reiterated a “buy” rating on shares of Aecom Technology Corp. in a research report on Friday. Argus reissued a “hold” rating on shares of Aecom Technology Corp. in a research note on Thursday. 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. TheStreet raised shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $35.64.
The stock has a market capitalization of $4.98 billion and a price-to-earnings ratio of 56.63. The company’s 50 day moving average is $34.16 and its 200-day moving average is $31.20.
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 the Zacks’ consensus estimate of $0.70 by $0.11. The business earned $4.41 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Aecom Technology Corp.’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. On average, equities research analysts predict that Aecom Technology Corp. will post $3.27 EPS for the current year.
In other Aecom Technology Corp. news, CEO Michael S. Burke sold 22,091 shares of the stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $34.00, for a total transaction of $751,094.00. Following the completion of the sale, the chief executive officer now owns 111,471 shares of the company’s stock, valued at approximately $3,790,014. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Burke sold 2,909 shares of the stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $34.00, for a total transaction of $98,906.00. Following the sale, the chief executive officer now directly owns 108,562 shares of the company’s stock, valued at approximately $3,691,108. 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 boosted its stake in shares of Aecom Technology Corp. (NYSE:ACM) by 7.9% during the fourth quarter, according to its most recent Form 13F filing 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 approximately 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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