Aecom Technology Corp. (NYSE:ACM) – Investment analysts at DA Davidson reduced their FY2016 EPS estimates for shares of Aecom Technology Corp. in a research report issued to clients and investors on Thursday. DA Davidson analyst J. Rogers now anticipates that the firm will post earnings per share of $3.12 for the year, down from their previous estimate of $3.26. DA Davidson currently has a “Neutral” rating and a $38.00 price target on the stock. DA Davidson also issued estimates for Aecom Technology Corp.’s Q4 2016 earnings at $0.76 EPS, Q1 2017 earnings at $0.80 EPS and FY2018 earnings at $3.50 EPS.
Aecom Technology Corp. (NYSE:ACM) last released its earnings results on Tuesday, August 9th. The company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.11. Aecom Technology Corp. had a return on equity of 14.11% and a net margin of 0.51%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year.
Several other brokerages also recently weighed in on ACM. 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 target price on Aecom Technology Corp. and gave the company a “buy” rating in a research note on Friday, September 23rd. TheStreet raised Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Canaccord Genuity reissued a “hold” rating and issued a $33.00 price objective on shares of Aecom Technology Corp. in a research note on Wednesday, September 7th. Finally, KeyCorp reissued a “buy” rating on shares of Aecom Technology Corp. in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.18.
Aecom Technology Corp. (NYSE:ACM) opened at 28.74 on Friday. The stock has a market capitalization of $4.42 billion, a P/E ratio of 50.24 and a beta of 1.79. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $36.20. The company’s 50-day moving average price is $29.87 and its 200 day moving average price is $31.78.
A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Aecom Technology Corp. by 1.7% in the first quarter. State Street Corp now owns 3,989,728 shares of the company’s stock worth $122,842,000 after buying an additional 65,203 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in 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. Norges Bank purchased a new stake in Aecom Technology Corp. during the fourth quarter worth about $32,424,000. First Republic Investment Management Inc. purchased a new stake in Aecom Technology Corp. during the first quarter worth about $1,924,000. Finally, BlackRock Fund Advisors boosted its stake in Aecom Technology Corp. by 0.3% in the first quarter. BlackRock Fund Advisors now owns 4,934,824 shares of the company’s stock worth $151,943,000 after buying an additional 12,509 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Michael John Donnelly sold 5,700 shares of Aecom Technology Corp. stock in a transaction on Monday, July 11th. The stock was sold at an average price of $33.00, for a total transaction of $188,100.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Daniel R. Tishman sold 30,000 shares of Aecom Technology Corp. stock in a transaction on Monday, August 1st. The shares were sold at an average price of $35.20, for a total value of $1,056,000.00. Following the transaction, the insider now owns 229,262 shares in the company, valued at approximately $8,070,022.40. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.
About Aecom Technology Corp.