DA Davidson reiterated their hold rating on shares of Aecom Technology Corp. (NYSE:ACM) in a report issued on Friday morning. The brokerage currently has a $40.00 target price on the stock.

A number of other research analysts have also weighed in on ACM. Zacks Investment Research raised Aecom Technology Corp. from a hold rating to a buy rating and set a $39.00 price objective for the company in a research report on Thursday, August 4th. TheStreet raised Aecom Technology Corp. from a hold rating to a buy rating in a research report on Tuesday, August 9th. Argus reaffirmed a hold rating on shares of Aecom Technology Corp. in a research report on Thursday, August 18th. Citigroup Inc. reaffirmed a buy rating on shares of Aecom Technology Corp. in a research report on Friday, August 19th. Finally, 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 report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Aecom Technology Corp. currently has a consensus rating of Buy and a consensus target price of $37.20.

Aecom Technology Corp. (NYSE:ACM) opened at 36.22 on Friday. The stock has a market cap of $5.58 billion, a PE ratio of 58.42 and a beta of 1.80. Aecom Technology Corp. has a 12 month low of $22.80 and a 12 month high of $37.97. The stock’s 50 day moving average price is $30.71 and its 200-day moving average price is $31.69.

Aecom Technology Corp. (NYSE:ACM) last released its earnings results on Monday, November 14th. The company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.06. The firm earned $4.32 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Aecom Technology Corp. had a net margin of 0.55% and a return on equity of 12.92%. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Analysts anticipate that Aecom Technology Corp. will post $2.90 EPS for the current fiscal year.

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In related news, CEO Michael S. Burke sold 30,000 shares of Aecom Technology Corp. stock in a transaction on Monday, November 14th. The stock was sold at an average price of $35.00, for a total transaction of $1,050,000.00. Following the transaction, the chief executive officer now directly owns 83,602 shares in the company, valued at $2,926,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frederick W. Werner sold 3,000 shares of Aecom Technology Corp. stock in a transaction on Monday, November 14th. The shares were sold at an average price of $37.00, for a total value of $111,000.00. Following the transaction, the insider now owns 38,149 shares in the company, valued at $1,411,513. The disclosure for this sale can be found here. 1.14% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. 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 increased 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 increased 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. Institutional investors own 86.02% of the company’s stock.

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.

5 Day Chart for NYSE:ACM

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