Aecom Technology Corp. (ACM) Sees Strong Trading Volume
Aecom Technology Corp. (NYSE:ACM) saw strong trading volume on Wednesday . 1,696,624 shares were traded during mid-day 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.
Several research analysts have issued reports on the company. Zacks Investment Research cut Aecom Technology Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. TheStreet upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. DA Davidson increased their price objective on Aecom Technology Corp. from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Standpoint Research reiterated a “buy” rating on shares of Aecom Technology Corp. in a research report on Wednesday, July 27th. Finally, KeyCorp reiterated a “buy” rating on shares of Aecom Technology Corp. in a research report on Wednesday, June 29th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $35.64.
The company’s 50 day moving average price is $34.11 and its 200-day moving average price is $31.19. The company has a market cap of $4.91 billion and a price-to-earnings ratio of 55.89.
Aecom Technology Corp. (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.11. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.52 billion. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. On average, equities research analysts expect that Aecom Technology Corp. will post $3.27 EPS for the current year.
In other Aecom Technology Corp. news, Vice Chairman Daniel R. Tishman sold 30,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 319,341 shares in the company, valued at approximately $10,193,364.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael John Donnelly sold 5,700 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was 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.
A hedge fund recently raised its stake 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 disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.
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.