Trade Report: Today, Aecom Technology Corp. (ACM) Receives Hold Rating from DA Davidson

Today, Aecom Technology Corp. (ACM) Receives Hold Rating from DA Davidson

Aecom Technology Corp. (NYSE:ACM)‘s stock had its “hold” rating reissued by research analysts at DA Davidson in a report released on Friday. They currently have a $40.00 price objective on the stock. DA Davidson’s target price indicates a potential upside of 6.38% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Deutsche Bank AG reduced their price target on shares of Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, August 22nd. Citigroup Inc. set a $43.00 price objective on shares of Aecom Technology Corp. and gave the company a “buy” rating in a research report on Friday, September 23rd. Zacks Investment Research lowered shares of Aecom Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $33.00 price objective on shares of Aecom Technology Corp. in a research report on Wednesday, September 7th. Finally, TheStreet raised shares of Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Aecom Technology Corp. currently has an average rating of “Buy” and a consensus target price of $37.20.

Aecom Technology Corp. (NYSE:ACM) traded up 0.19% during mid-day trading on Friday, reaching $37.67. 524,191 shares of the company traded hands. The stock has a 50 day moving average price of $30.22 and a 200-day moving average price of $31.62. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $37.97. The company has a market capitalization of $5.80 billion, a P/E ratio of 60.76 and a beta of 1.80.

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 analysts’ consensus estimates of $0.71 by $0.06. The company earned $4.32 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Aecom Technology Corp. had a return on equity of 12.92% and a net margin of 0.55%. Aecom Technology Corp.’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. Analysts expect that Aecom Technology Corp. will post $2.90 EPS for the current fiscal year.

In other news, Vice Chairman Daniel R. Tishman sold 60,000 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were 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 in the company, valued at $7,173,432. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frederick W. Werner sold 3,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $37.00, for a total transaction of $111,000.00. Following the completion of the sale, the insider now owns 38,149 shares in the company, valued at approximately $1,411,513. The disclosure for this sale can be found here. 1.14% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in ACM. Colony Group LLC bought a new stake in shares of Aecom Technology Corp. during the third quarter valued at about $1,408,000. Advantus Capital Management Inc increased its stake 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 increased its stake in shares of Aecom Technology Corp. by 122.2% in the third quarter. Riverhead Capital Management LLC now owns 12,100 shares of the company’s stock valued at $360,000 after buying an additional 6,655 shares during the last quarter. Country Trust Bank increased its stake in shares of Aecom Technology Corp. by 12.3% in the third quarter. Country Trust Bank now owns 743,144 shares of the company’s stock valued at $22,094,000 after buying an additional 81,586 shares during the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of Aecom Technology Corp. during the third quarter valued at about $5,485,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Aecom Technology Corp. Company Profile

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