Aecom Technology Corp. (NYSE:ACM)’s share price fell 3.2% during trading on Wednesday . The stock traded as low as $30.71 and last traded at $30.83, with a volume of 600,171 shares changing hands. The stock had previously closed at $31.84.

Several research firms have recently commented on ACM. Zacks Investment Research upgraded shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, May 5th. Credit Suisse Group AG reiterated a “buy” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Argus reiterated a “hold” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. KeyCorp reiterated a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Aecom Technology Corp. in a report on Tuesday, May 24th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.36.

The company’s 50-day moving average price is $34.16 and its 200 day moving average price is $31.70. The company has a market capitalization of $4.74 billion and a price-to-earnings ratio of 53.90.

Aecom Technology Corp. (NYSE:ACM) last issued its 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. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The firm earned $4.41 billion during the quarter, compared to analyst estimates of $4.52 billion. Aecom Technology Corp.’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts forecast that Aecom Technology Corp. will post $3.28 EPS for the current fiscal year.

In related news, insider Michael John Donnelly sold 5,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $36.00, for a total transaction of $205,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Daniel R. Tishman sold 30,000 shares of the company’s stock in a transaction that occurred on 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 owns 319,341 shares of the company’s stock, valued at $10,193,364.72. The disclosure for this sale can be found here.

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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