Frederick W. Werner Sells 27,787 Shares of Aecom Technology Corp. (ACM) Stock
Aecom Technology Corp. (NYSE:ACM) insider Frederick W. Werner sold 27,787 shares of Aecom Technology Corp. stock in a transaction on Friday, September 16th. The shares were sold at an average price of $27.83, for a total value of $773,312.21. Following the transaction, the insider now owns 62,936 shares in the company, valued at $1,751,508.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Aecom Technology Corp. (NYSE:ACM) opened at 28.76 on Friday. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $36.20. The firm has a market cap of $4.42 billion, a PE ratio of 50.28 and a beta of 1.89. The company’s 50-day moving average price is $31.49 and its 200-day moving average price is $31.85.
Aecom Technology Corp. (NYSE:ACM) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.81 earnings per share 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 firm earned $4.41 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter in the previous year, the company posted $0.74 EPS. Aecom Technology Corp.’s revenue was down 3.1% on a year-over-year basis. Equities analysts expect that Aecom Technology Corp. will post $3.14 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ACM. Reilly Financial Advisors LLC bought a new position in Aecom Technology Corp. during the second quarter valued at $114,000. Daiwa Securities Group Inc. bought a new position in Aecom Technology Corp. during the second quarter valued at $127,000. FCA Corp TX boosted its position in Aecom Technology Corp. by 21.4% in the second quarter. FCA Corp TX now owns 8,500 shares of the company’s stock valued at $270,000 after buying an additional 1,500 shares during the period. Front Street Capital Management Inc. bought a new position in Aecom Technology Corp. during the second quarter valued at $299,000. Finally, LS Investment Advisors LLC boosted its position in Aecom Technology Corp. by 73.3% in the second quarter. LS Investment Advisors LLC now owns 9,509 shares of the company’s stock valued at $302,000 after buying an additional 4,021 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.
Several brokerages have recently issued reports on ACM. Canaccord Genuity reiterated a “hold” rating and set a $33.00 price target on shares of Aecom Technology Corp. in a research report on Wednesday, September 7th. Deutsche Bank AG reduced their price objective on Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, August 22nd. Citigroup Inc. reissued a “buy” rating on shares of Aecom Technology Corp. in a research note on Friday, August 19th. Argus reissued a “hold” rating on shares of Aecom Technology Corp. in a research note on Thursday, August 18th. Finally, Zacks Investment Research lowered Aecom Technology Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Five research 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 a consensus price target of $35.55.
Aecom Technology Corp. Company Profile
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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