Aecom Technology Corp. (ACM) Short Interest Update
Aecom Technology Corp. (NYSE:ACM) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,883,981 shares, an increase of 39.3% from the August 15th total of 4,943,115 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average trading volume of 1,733,034 shares, the days-to-cover ratio is currently 4.0 days.
Aecom Technology Corp. (NYSE:ACM) opened at 28.17 on Thursday. Aecom Technology Corp. has a 12 month low of $22.80 and a 12 month high of $36.20. The firm’s 50 day moving average price is $31.67 and its 200 day moving average price is $31.87. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 49.25 and a beta of 1.89.
Aecom Technology Corp. (NYSE:ACM) last posted its earnings results on Tuesday, August 9th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.11. Aecom Technology Corp. had a net margin of 0.51% and a return on equity of 14.11%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period in the prior year, the company posted $0.74 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts predict that Aecom Technology Corp. will post $3.14 EPS for the current fiscal year.
A number of equities research analysts have commented on ACM shares. TheStreet raised Aecom Technology Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. KeyCorp reissued a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Zacks Investment Research raised Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, August 4th. Standpoint Research reissued a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, July 27th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $35.55.
In other Aecom Technology Corp. news, CEO Michael S. Burke sold 2,909 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The stock was 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 $3,691,108. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael John Donnelly sold 5,700 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $36.00, for a total value of $205,200.00. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.
Large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Aecom Technology Corp. during the fourth quarter valued at about $32,424,000. CrestPoint Capital Management LLC purchased a new stake in Aecom Technology Corp. during the first quarter valued at about $644,000. Boston Advisors LLC purchased a new stake in Aecom Technology Corp. during the first quarter valued at about $455,000. Glenmede Trust Co. NA raised its stake in Aecom Technology Corp. by 23.6% in the first quarter. Glenmede Trust Co. NA now owns 20,941 shares of the company’s stock valued at $644,000 after buying an additional 3,999 shares during the last quarter. Finally, John G Ullman & Associates Inc. raised its stake in Aecom Technology Corp. by 32.2% in the first quarter. John G Ullman & Associates Inc. now owns 73,900 shares of the company’s stock valued at $2,275,000 after buying an additional 18,000 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.
About Aecom Technology Corp.
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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