AECOM Technology Corp. Chairman Unloads $930,900 in Stock (ACM)
AECOM Technology Corp. (NYSE:ACM) Chairman Daniel Tishman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $31.03, for a total value of $930,900.00. Following the completion of the sale, the chairman now directly owns 389,277 shares of the company’s stock, valued at approximately $12,079,265. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ACM shares. Analysts at Zacks downgraded shares of AECOM Technology Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $30.60 price target on the stock. Separately, analysts at TheStreet downgraded shares of AECOM Technology Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 14th. Finally, analysts at Barclays Capital raised their price target on shares of AECOM Technology Corp. from $28.00 to $30.00 in a research note to investors on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.12.
Shares of AECOM Technology Corp. (NYSE:ACM) traded up 0.48% on Friday, hitting $31.14. The stock had a trading volume of 1,095,788 shares. AECOM Technology Corp. has a 52-week low of $18.68 and a 52-week high of $35.24. The stock’s 50-day moving average is $30.45 and its 200-day moving average is $30.85. The company’s market cap is $3.139 billion.
AECOM Technology Corp. (NYSE:ACM) last released its earnings data on Tuesday, August 6th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.06. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts predict that AECOM Technology Corp. will post $2.37 earnings per share for the current fiscal year.
AECOM Technology Corporation (NYSE:ACM) is a provider of professional technical and management support services for commercial and government clients around the world.
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