Today: Aecom Technology Corp. Expected to Post Q1 2017 Earnings of $0.49 Per Share (ACM)

Today: Aecom Technology Corp. Expected to Post Q1 2017 Earnings of $0.49 Per Share (ACM)

Aecom Technology Corp. (NYSE:ACM) – Equities researchers at DA Davidson decreased their Q1 2017 earnings estimates for Aecom Technology Corp. in a report released on Wednesday. DA Davidson analyst J. Rogers now expects that the firm will earn $0.49 per share for the quarter, down from their prior forecast of $0.54. DA Davidson currently has a “Hold” rating and a $40.00 target price on the stock. DA Davidson also issued estimates for Aecom Technology Corp.’s Q2 2017 earnings at $0.68 EPS and Q4 2017 earnings at $0.69 EPS.

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

Aecom Technology Corp. (NYSE:ACM) opened at 37.67 on Monday. The firm’s 50-day moving average price is $30.48 and its 200 day moving average price is $31.66. Aecom Technology Corp. has a 12-month low of $22.80 and a 12-month high of $37.97. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 60.76 and a beta of 1.80.

In other Aecom Technology Corp. news, Vice Chairman Daniel R. Tishman sold 60,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $36.00, for a total transaction of $2,160,000.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frederick W. Werner sold 3,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $37.00, for a total transaction of $111,000.00. Following the sale, the insider now directly owns 38,149 shares in the company, valued at approximately $1,411,513. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.

A number of hedge funds have recently modified their holdings of ACM. Greenhaven Associates Inc. purchased a new stake in shares of Aecom Technology Corp. during the second quarter worth approximately $47,938,000. Emerald Acquisition Ltd. bought a new position in Aecom Technology Corp. during the second quarter worth about $25,042,000. Selz Capital LLC boosted its position in 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 period. Schroder Investment Management Group bought a new position in Aecom Technology Corp. during the third quarter worth about $5,485,000. Finally, SG Americas Securities LLC boosted its position in 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 period. 86.02% of the stock is currently owned by institutional investors and hedge funds.

About Aecom Technology Corp.

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