Aecom Technology Corp. (NYSE:ACM) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “AECOM has a decent earnings history, beating estimates thrice in the trailing four quarters. Factors like solid execution on projects and lower expenses from acquisitions & integration, have been fuelling the company’s bottom-line performance over the past few quarters. Positive industry trends, especially in Building Construction, Management Services and Americas Design markets, indicate that the company stands to gain significantly in the near future. Also, robust backlog levels underscore its resiliency. However, macroeconomic factors like strengthening of the U.S. dollar and unfavorable political & military conditions in certain end-markets pose as concerns. Continued volatility in the oil and gas market, with declining prices and contracting spending levels, is hurting the company’s projects and orders. Moreover, location of the company’s operations in risk-prone areas makes it vulnerable to natural disasters.”

Several other equities analysts have also issued reports on ACM. KeyCorp reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Argus reaffirmed a “hold” rating on shares of Aecom Technology Corp. in a report on Thursday, August 18th. DA Davidson upped their target price on Aecom Technology Corp. from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 10th. Citigroup Inc. reaffirmed a “buy” rating and issued a $43.00 target price on shares of Aecom Technology Corp. in a report on Friday, September 30th. Finally, TheStreet raised Aecom Technology Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $36.18.

Analyst Recommendations for Aecom Technology Corp. (NYSE:ACM)

Aecom Technology Corp. (NYSE:ACM) traded up 0.924% during mid-day trading on Monday, reaching $27.865. The company had a trading volume of 241,082 shares. The company’s 50-day moving average is $29.25 and its 200-day moving average is $31.68. Aecom Technology Corp. has a one year low of $22.80 and a one year high of $36.20. The stock has a market capitalization of $4.28 billion, a PE ratio of 48.715 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.11. The company earned $4.41 billion during the quarter, compared to analyst estimates of $4.52 billion. Aecom Technology Corp. had a return on equity of 14.11% and a net margin of 0.51%. Aecom Technology Corp.’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Equities research analysts anticipate that Aecom Technology Corp. will post $3.12 earnings per share for the current year.

In related news, insider Frederick W. Werner sold 27,787 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $27.83, for a total value of $773,312.21. Following the sale, 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 Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Daniel R. Tishman sold 30,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $35.20, for a total value of $1,056,000.00. Following the completion of the sale, the insider now owns 229,262 shares in the company, valued at approximately $8,070,022.40. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

Several large investors have recently modified their holdings of the company. Primecap Management Co. CA increased its stake 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 worth $230,022,000 after buying an additional 1,092,631 shares during the period. BlackRock Fund Advisors increased its stake 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 worth $151,943,000 after buying an additional 12,509 shares during the period. State Street Corp increased its stake 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 worth $122,842,000 after buying an additional 65,203 shares during the period. Greenhaven Associates Inc. acquired a new stake in shares of Aecom Technology Corp. during the second quarter worth about $47,938,000. Finally, Panagora Asset Management Inc. increased its stake in shares of Aecom Technology Corp. by 21.9% in the first quarter. Panagora Asset Management Inc. now owns 1,241,419 shares of the company’s stock worth $38,223,000 after buying an additional 223,207 shares during the period. Institutional investors own 84.40% of the company’s stock.

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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