Shares of Aecom Technology Corp. (NYSE:ACM) shot up 1.7% during trading on Tuesday after Canaccord Genuity raised their price target on the stock from $33.00 to $38.00. Canaccord Genuity currently has a hold rating on the stock. Aecom Technology Corp. traded as high as $37.19 and last traded at $37.59, with a volume of 2,711,432 shares. The stock had previously closed at $36.95.

Several other brokerages also recently commented on ACM. Argus raised Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Tuesday. Standpoint Research reaffirmed a “buy” rating on shares of Aecom Technology Corp. in a research note on Wednesday, July 27th. Zacks Investment Research raised Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, August 4th. TheStreet raised Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Finally, DA Davidson raised their price objective on Aecom Technology Corp. from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $37.00.

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

Several institutional investors have recently made changes to their positions in the stock. Advantus Capital Management Inc boosted its position in shares of Aecom Technology Corp. by 0.7% in the third quarter. Advantus Capital Management Inc now owns 18,706 shares of the company’s stock valued at $556,000 after buying an additional 132 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Aecom Technology Corp. by 122.2% in the third quarter. Riverhead Capital Management LLC now owns 12,100 shares of the company’s stock worth $360,000 after buying an additional 6,655 shares during the last quarter. Country Trust Bank boosted its position in Aecom Technology Corp. by 12.3% in the third quarter. Country Trust Bank now owns 743,144 shares of the company’s stock worth $22,094,000 after buying an additional 81,586 shares during the last quarter. Schroder Investment Management Group acquired a new position in Aecom Technology Corp. during the third quarter worth approximately $5,485,000. Finally, SG Americas Securities LLC boosted its position in Aecom Technology Corp. by 251.9% in the third quarter. SG Americas Securities LLC now owns 161,541 shares of the company’s stock worth $4,803,000 after buying an additional 115,641 shares during the last quarter. Institutional investors own 84.80% of the company’s stock.

The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 65.61 and a beta of 1.80. The company has a 50-day moving average price of $28.92 and a 200-day moving average price of $31.40.

Aecom Technology Corp. (NYSE:ACM) last released its quarterly earnings results on Monday, November 14th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.06. The business had revenue of $4.32 billion for 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 12.84%. Aecom Technology Corp.’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 EPS. On average, equities analysts forecast that Aecom Technology Corp. will post $3.07 EPS for the current fiscal year.

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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