Aecom Technology Corp. (ACM) Raised to Buy at Argus
A number of other analysts have also weighed in on ACM. Zacks Investment Research lowered shares of Aecom Technology Corp. from a buy rating to a hold rating in a report on Thursday, August 11th. DA Davidson upped their target price on shares of Aecom Technology Corp. from $33.00 to $38.00 and gave the stock a neutral rating in a report on Wednesday, August 10th. TheStreet lowered shares of Aecom Technology Corp. from a buy rating to a hold rating in a report on Monday, October 24th. Citigroup Inc. reaffirmed a buy rating and set a $43.00 target price on shares of Aecom Technology Corp. in a report on Friday, September 30th. Finally, Standpoint Research reaffirmed a buy rating on shares of Aecom Technology Corp. in a report on Wednesday, July 27th. One equities 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’s stock. The company currently has an average rating of Buy and an average price target of $37.00.
Aecom Technology Corp. (NYSE:ACM) opened at 37.21 on Tuesday. Aecom Technology Corp. has a 1-year low of $22.80 and a 1-year high of $37.97. The company has a market cap of $5.72 billion, a P/E ratio of 65.05 and a beta of 1.80. The stock’s 50 day moving average is $29.38 and its 200 day moving average is $31.49.
Aecom Technology Corp. (NYSE:ACM) last posted its quarterly earnings results on Monday, November 14th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a net margin of 0.55% and a return on equity of 12.84%. The business earned $4.32 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period last year, the firm earned $0.95 EPS. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts anticipate that Aecom Technology Corp. will post $2.90 earnings per share for the current fiscal year.
In other Aecom Technology Corp. news, CEO Michael S. Burke sold 30,000 shares of the company’s stock in a transaction on 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 directly owns 83,602 shares in the company, valued at approximately $2,926,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frederick W. Werner sold 27,787 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $27.83, for a total transaction of $773,312.21. Following the completion of the transaction, the insider now owns 62,936 shares of the company’s stock, valued at $1,751,508.88. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Reilly Financial Advisors LLC bought a new position in shares of Aecom Technology Corp. during the second quarter valued at approximately $114,000. Daiwa Securities Group Inc. acquired a new position in shares of Aecom Technology Corp. during the second quarter valued at about $127,000. FCA Corp TX raised its position in shares of Aecom Technology Corp. by 21.4% in the second quarter. FCA Corp TX now owns 8,500 shares of the company’s stock valued at $270,000 after buying an additional 1,500 shares during the last quarter. Front Street Capital Management Inc. acquired a new position in shares of Aecom Technology Corp. during the second quarter valued at about $299,000. Finally, LS Investment Advisors LLC raised its position in shares of Aecom Technology Corp. by 5.8% in the third quarter. LS Investment Advisors LLC now owns 10,057 shares of the company’s stock valued at $299,000 after buying an additional 548 shares during the last quarter. Institutional investors and hedge funds own 84.80% 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.
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