Trade Report: Today, Aecom Technology Corp. (ACM) Stock Rating Reaffirm by DA Davidson

Today, Aecom Technology Corp. (ACM) Stock Rating Reaffirm by DA Davidson

Aecom Technology Corp. (NYSE:ACM)‘s stock had its “hold” rating restated by equities research analysts at DA Davidson in a research report issued on Friday. They presently have a $40.00 price target on the stock. DA Davidson’s price objective indicates a potential upside of 6.19% from the company’s current price.

A number of other equities analysts also recently issued reports on ACM. Zacks Investment Research upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Thursday, August 4th. TheStreet upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Argus restated a “hold” rating on shares of Aecom Technology Corp. in a research report on Thursday, August 18th. Citigroup Inc. restated a “buy” rating on shares of Aecom Technology Corp. in a research report on Friday, August 19th. Finally, Deutsche Bank AG lowered their price objective on 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $37.20.

Aecom Technology Corp. (NYSE:ACM) opened at 36.97 on Friday. The firm has a market cap of $5.69 billion, a P/E ratio of 59.63 and a beta of 1.80. The firm’s 50-day moving average price is $30.71 and its 200-day moving average price is $31.69. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $37.97.

Aecom Technology Corp. (NYSE:ACM) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company 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 earned $0.95 earnings per share. Aecom Technology Corp.’s revenue was down 8.5% compared to the same quarter last year. Equities research analysts expect that Aecom Technology Corp. will post $2.90 EPS for the current year.

In related news, Vice Chairman Daniel R. Tishman sold 60,000 shares of Aecom Technology Corp. stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $36.00, for a total transaction of $2,160,000.00. Following the transaction, the insider now owns 199,262 shares of the company’s stock, valued at $7,173,432. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frederick W. Werner sold 27,787 shares of Aecom Technology Corp. stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $27.83, for a total value of $773,312.21. Following the transaction, the insider now directly owns 62,936 shares in the company, valued at approximately $1,751,508.88. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ACM. Greenhaven Associates Inc. boosted its position in shares of Aecom Technology Corp. by 24.6% in the third quarter. Greenhaven Associates Inc. now owns 1,879,907 shares of the company’s stock valued at $55,890,000 after buying an additional 370,992 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Aecom Technology Corp. during the second quarter valued at about $25,042,000. Country Trust Bank boosted its position 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. 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 valued at $13,379,000 after buying an additional 195,000 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Aecom Technology Corp. by 2.7% in the second quarter. Nationwide Fund Advisors now owns 281,210 shares of the company’s stock valued at $8,934,000 after buying an additional 7,358 shares during the last quarter. 86.02% of the stock is currently owned by institutional investors.

About Aecom Technology Corp.

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