Insider Selling: John M. Dionisio Unloads 20,000 Shares of AECOM Technology Corp. Stock (ACM)
AECOM Technology Corp. (NYSE:ACM) Chairman John M. Dionisio unloaded 20,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $32.32, for a total transaction of $646,400.00. Following the sale, the chairman now directly owns 175,740 shares of the company’s stock, valued at approximately $5,679,917. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of AECOM Technology Corp. (NYSE:ACM) traded up 1.08% during mid-day trading on Friday, hitting $32.72. 438,388 shares of the company’s stock traded hands. AECOM Technology Corp. has a one year low of $27.35 and a one year high of $35.24. The stock has a 50-day moving average of $32.32 and a 200-day moving average of $30.65. The company has a market cap of $3.241 billion and a price-to-earnings ratio of 12.53. AECOM Technology Corp. also saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,176,271 shares, a growth of 49.2% from the March 31st total of 788,557 shares. Based on an average trading volume of 642,513 shares, the short-interest ratio is currently 1.8 days. Currently, 1.3% of the shares of the company are sold short.
AECOM Technology Corp. (NYSE:ACM) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.22. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that AECOM Technology Corp. will post $2.57 EPS for the current fiscal year.
A number of research firms have recently commented on ACM. Analysts at DA Davidson downgraded shares of AECOM Technology Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, April 11th. They now have a $35.00 price target on the stock. Analysts at Zacks upgraded shares of AECOM Technology Corp. from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 13th. They now have a $33.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. AECOM Technology Corp. presently has a consensus rating of “Hold” and an average price target of $33.21.
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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