Aecom Technology Corp. (ACM) Vice Chairman Daniel R. Tishman Sells 60,000 Shares of Stock
Aecom Technology Corp. (NYSE:ACM) Vice Chairman Daniel R. Tishman sold 60,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $36.00, for a total value of $2,160,000.00. Following the sale, the insider now owns 199,262 shares of the company’s stock, valued at $7,173,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Aecom Technology Corp. (NYSE:ACM) traded down 0.440% during trading on Thursday, hitting $37.365. The stock had a trading volume of 881,041 shares. The stock has a 50 day moving average price of $29.16 and a 200 day moving average price of $31.45. Aecom Technology Corp. has a 12-month low of $22.80 and a 12-month high of $37.97. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 65.323 and a beta of 1.80.
Aecom Technology Corp. (NYSE:ACM) last announced its earnings results on Monday, November 14th. The company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.06. The company earned $4.32 billion during the quarter, compared to analyst estimates of $4.66 billion. Aecom Technology Corp. had a return on equity of 12.84% and a net margin of 0.55%. Aecom Technology Corp.’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Equities research analysts forecast that Aecom Technology Corp. will post $3.07 earnings per share for the current year.
Several analysts recently issued reports on ACM shares. Zacks Investment Research lowered Aecom Technology Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Citigroup Inc. set a $43.00 price objective on Aecom Technology Corp. and gave the stock a “buy” rating in a report on Friday, September 23rd. TheStreet upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Canaccord Genuity reiterated a “hold” rating and set a $33.00 price objective on shares of Aecom Technology Corp. in a report on Wednesday, September 7th. Finally, Argus upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Aecom Technology Corp. presently has a consensus rating of “Buy” and an average target price of $37.00.
Institutional investors have recently made changes to their positions in the company. Greenhaven Associates Inc. bought a new position in shares of Aecom Technology Corp. during the second quarter worth $47,938,000. Emerald Acquisition Ltd. bought a new position in shares of Aecom Technology Corp. during the second quarter worth $25,042,000. Panagora Asset Management Inc. raised its position 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 last quarter. Selz Capital LLC raised its position in shares of Aecom Technology Corp. by 76.5% in the third quarter. Selz Capital LLC now owns 450,000 shares of the company’s stock worth $13,379,000 after buying an additional 195,000 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Aecom Technology Corp. during the third quarter worth $5,485,000. 84.80% of the stock is owned by hedge funds and other 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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