Aecom Technology Corp. (ACM) Insider Frederick W. Werner Sells 3,000 Shares of Stock
Aecom Technology Corp. (NYSE:ACM) insider Frederick W. Werner sold 3,000 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $37.00, for a total transaction of $111,000.00. Following the completion of the transaction, the insider now owns 38,149 shares in the company, valued at $1,411,513. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Aecom Technology Corp. (NYSE:ACM) traded down 0.440% during mid-day trading on Thursday, hitting $37.365. 1,353,070 shares of the stock traded hands. Aecom Technology Corp. has a 52 week low of $22.80 and a 52 week high of $37.97. The firm’s 50-day moving average is $29.16 and its 200-day moving average is $31.45. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 65.323 and a beta of 1.80.
Aecom Technology Corp. (NYSE:ACM) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a return on equity of 12.84% and a net margin of 0.55%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same period in the previous year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts forecast that Aecom Technology Corp. will post $3.07 earnings per share for the current year.
ACM has been the topic of several research reports. Zacks Investment Research upgraded shares of Aecom Technology Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. Standpoint Research reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a research report on Wednesday, July 27th. DA Davidson upped their price objective on shares of Aecom Technology Corp. from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. TheStreet raised shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Finally, Argus reaffirmed a “hold” rating on shares of Aecom Technology Corp. in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Aecom Technology Corp. currently has a consensus rating of “Buy” and a consensus target price of $37.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Natixis acquired a new position in shares of Aecom Technology Corp. during the first quarter valued at approximately $1,540,000. Metropolitan Life Insurance Co. NY increased its stake in Aecom Technology Corp. by 3.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 139,155 shares of the company’s stock worth $4,285,000 after buying an additional 4,935 shares during the last quarter. Panagora Asset Management Inc. increased its stake in 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 last quarter. Babson Capital Management LLC increased its stake in Aecom Technology Corp. by 634.4% in the first quarter. Babson Capital Management LLC now owns 64,711 shares of the company’s stock worth $1,992,000 after buying an additional 55,900 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Aecom Technology Corp. by 1.1% in the first quarter. Arizona State Retirement System now owns 72,601 shares of the company’s stock worth $2,235,000 after buying an additional 800 shares during the last quarter. 84.80% of the stock is owned by institutional investors.
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.
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