Aecom Technology Corp. (NYSE:ACM) – Investment analysts at DA Davidson decreased their FY2016 earnings estimates for shares of Aecom Technology Corp. in a research note issued to investors on Thursday. DA Davidson analyst J. Rogers now anticipates that the firm will post earnings per share of $3.12 for the year, down from their previous forecast of $3.26. DA Davidson currently has a “Neutral” rating and a $38.00 target price on the stock. DA Davidson also issued estimates for Aecom Technology Corp.’s Q4 2016 earnings at $0.76 EPS, Q1 2017 earnings at $0.80 EPS and FY2018 earnings at $3.50 EPS.

A number of other research analysts have also recently commented on the stock. Deutsche Bank AG decreased their target price on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, August 22nd. Citigroup Inc. set a $43.00 price target on shares of Aecom Technology Corp. and gave the stock a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research cut shares of Aecom Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Canaccord Genuity reissued a “hold” rating and set a $33.00 price target on shares of Aecom Technology Corp. in a research report on Wednesday, September 7th. Finally, Standpoint Research reissued a “buy” rating on shares of Aecom Technology Corp. in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Aecom Technology Corp. has a consensus rating of “Buy” and a consensus price target of $36.18.

Earnings History and Estimates for Aecom Technology Corp. (NYSE:ACM)

Aecom Technology Corp. (NYSE:ACM) traded down 1.13% during mid-day trading on Friday, reaching $28.97. 242,748 shares of the company were exchanged. Aecom Technology Corp. has a 1-year low of $22.80 and a 1-year high of $36.20. The stock has a 50-day moving average of $29.98 and a 200 day moving average of $31.80. The firm has a market capitalization of $4.45 billion, a P/E ratio of 50.65 and a beta of 1.79.

Aecom Technology Corp. (NYSE:ACM) last released its earnings results on Tuesday, August 9th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.11. The company earned $4.41 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Aecom Technology Corp. had a net margin of 0.51% and a return on equity of 14.11%. Aecom Technology Corp.’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Primecap Management Co. CA raised its position in shares of Aecom Technology Corp. by 17.1% in the first quarter. Primecap Management Co. CA now owns 7,470,676 shares of the company’s stock valued at $230,022,000 after buying an additional 1,092,631 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Aecom Technology Corp. by 0.3% in the first quarter. BlackRock Fund Advisors now owns 4,934,824 shares of the company’s stock valued at $151,943,000 after buying an additional 12,509 shares during the last quarter. State Street Corp raised its position in shares of Aecom Technology Corp. by 1.7% in the first quarter. State Street Corp now owns 3,989,728 shares of the company’s stock valued at $122,842,000 after buying an additional 65,203 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Aecom Technology Corp. by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 3,648,310 shares of the company’s stock valued at $112,332,000 after buying an additional 354,408 shares during the last quarter. Finally, Greenhaven Associates Inc. purchased a new position in shares of Aecom Technology Corp. during the second quarter valued at $47,938,000. 84.46% of the stock is currently owned by institutional investors.

In other Aecom Technology Corp. news, insider Frederick W. Werner sold 27,787 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $27.83, for a total value of $773,312.21. Following the transaction, the insider now directly owns 62,936 shares of the company’s stock, valued at approximately $1,751,508.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Burke sold 2,909 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $34.00, for a total value of $98,906.00. Following the completion of the transaction, the chief executive officer now directly owns 108,562 shares in the company, valued at $3,691,108. The disclosure for this sale can be found here. 1.14% of the stock is owned by company insiders.

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.

5 Day Chart for NYSE:ACM

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