Today: Aecom Technology Corp. (ACM) Given “Hold” Rating at DA Davidson

Today: Aecom Technology Corp. (ACM) Given “Hold” Rating at DA Davidson

DA Davidson reiterated their hold rating on shares of Aecom Technology Corp. (NYSE:ACM) in a research report sent to investors on Friday morning. The firm currently has a $40.00 price objective on the stock.

ACM has been the subject of several other reports. Zacks Investment Research upgraded Aecom Technology Corp. from a strong sell rating to a hold rating in a report on Monday, October 17th. Citigroup Inc. restated a buy rating and issued a $43.00 price objective on shares of Aecom Technology Corp. in a report on Friday, September 30th. TheStreet downgraded Aecom Technology Corp. from a buy rating to a hold rating in a report on Monday, October 24th. Deutsche Bank AG decreased their price objective on Aecom Technology Corp. from $41.00 to $38.00 and set a buy rating for the company in a report on Monday, August 22nd. Finally, Argus restated a hold rating on shares of Aecom Technology Corp. in a report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. Aecom Technology Corp. currently has an average rating of Buy and an average price target of $37.20.

Aecom Technology Corp. (NYSE:ACM) opened at 37.67 on Friday. The company has a market cap of $5.80 billion, a PE ratio of 60.76 and a beta of 1.80. The firm’s 50-day moving average is $30.48 and its 200 day moving average is $31.66. Aecom Technology Corp. has a 1-year low of $22.80 and a 1-year high of $37.97.

Aecom Technology Corp. (NYSE:ACM) last released its earnings results on Monday, November 14th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.71 by $0.06. Aecom Technology Corp. had a return on equity of 12.92% and a net margin of 0.55%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter last year, the business posted $0.95 earnings per share. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Analysts predict that Aecom Technology Corp. will post $2.90 earnings per share for the current fiscal year.

In related news, CEO Michael S. Burke sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $35.00, for a total value of $1,050,000.00. Following the sale, the chief executive officer now owns 83,602 shares in the company, valued at $2,926,070. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Daniel R. Tishman sold 60,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 199,262 shares in the company, valued at approximately $7,173,432. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.

A number of large investors have recently modified their holdings of ACM. Reilly Financial Advisors LLC bought a new position in shares of Aecom Technology Corp. during the second quarter worth about $114,000. Daiwa Securities Group Inc. bought a new position in shares of Aecom Technology Corp. during the second quarter worth about $127,000. FCA Corp TX increased 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 worth $270,000 after buying an additional 1,500 shares during the last quarter. Front Street Capital Management Inc. bought a new position in shares of Aecom Technology Corp. during the second quarter worth about $299,000. Finally, LS Investment Advisors LLC increased its position in shares of Aecom Technology Corp. by 73.3% in the second quarter. LS Investment Advisors LLC now owns 9,509 shares of the company’s stock worth $302,000 after buying an additional 4,021 shares during the last quarter. Hedge funds and other institutional investors own 86.02% of the company’s stock.

Aecom Technology Corp. Company Profile

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