Today, Aecom Technology Corp.’s (ACM) Hold Rating Reaffirm at DA Davidson

Today, Aecom Technology Corp.’s (ACM) Hold Rating Reaffirm at DA Davidson
Aecom Technology Corp. (NYSE:ACM)‘s stock had its “hold” rating reaffirmed by research analysts at DA Davidson in a report issued on Friday. They currently have a $40.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 6.38% from the company’s current price.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Aecom Technology Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Citigroup Inc. set a $43.00 price target on Aecom Technology Corp. and gave the stock a “buy” rating in a research note on Friday, September 23rd. TheStreet upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Canaccord Genuity reiterated a “hold” rating and set a $33.00 price target on shares of Aecom Technology Corp. in a research note on Wednesday, September 7th. Finally, Argus upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $37.20.

Shares of Aecom Technology Corp. (NYSE:ACM) traded up 0.19% on Friday, hitting $37.67. The stock had a trading volume of 529,091 shares. The firm’s 50-day moving average is $30.22 and its 200 day moving average is $31.62. Aecom Technology Corp. has a 1-year low of $22.80 and a 1-year high of $37.97. The stock has a market cap of $5.80 billion, a P/E ratio of 60.76 and a beta of 1.80.

Aecom Technology Corp. (NYSE:ACM) last issued its earnings results on Monday, November 14th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by $0.06. Aecom Technology Corp. had a net margin of 0.55% and a return on equity of 12.92%. The firm earned $4.32 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter last year, the firm earned $0.95 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities analysts forecast that Aecom Technology Corp. will post $2.90 EPS for the current year.

In other news, insider Frederick W. Werner sold 3,000 shares of the stock in a transaction that occurred on 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 directly owns 38,149 shares of the company’s stock, valued at approximately $1,411,513. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Frederick W. Werner sold 27,787 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $27.83, for a total value of $773,312.21. Following the completion of the transaction, the insider now directly 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 owned by company insiders.

Several institutional investors have recently modified their holdings of ACM. Greenhaven Associates Inc. bought a new position in shares of Aecom Technology Corp. during the second quarter worth about $47,938,000. Emerald Acquisition Ltd. bought a new position in shares of Aecom Technology Corp. during the second quarter worth about $25,042,000. Selz Capital LLC boosted 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. Schroder Investment Management Group bought a new position in shares of Aecom Technology Corp. during the third quarter worth about $5,485,000. Finally, SG Americas Securities LLC boosted its position in shares of 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. 85.81% of the stock is owned by institutional investors and hedge funds.

About Aecom Technology Corp.

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