Aecom Technology Corp. (ACM) Insider Sells $773,312.21 in Stock
Aecom Technology Corp. (NYSE:ACM) insider Frederick W. Werner sold 27,787 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 62,936 shares of the company’s stock, valued at $1,751,508.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Aecom Technology Corp. (NYSE:ACM) opened at 27.60 on Wednesday. Aecom Technology Corp. has a one year low of $22.80 and a one year high of $36.20. The firm’s 50-day moving average price is $31.86 and its 200-day moving average price is $31.90. The company has a market cap of $4.24 billion, a PE ratio of 48.25 and a beta of 1.89.
Aecom Technology Corp. (NYSE:ACM) last posted its earnings results on Tuesday, August 9th. The company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.11. Aecom Technology Corp. had a return on equity of 14.11% and a net margin of 0.51%. The company had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts forecast that Aecom Technology Corp. will post $3.14 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on ACM. Argus restated a “hold” rating on shares of Aecom Technology Corp. in a research note on Saturday, June 4th. Standpoint Research restated a “buy” rating on shares of Aecom Technology Corp. in a research note on Wednesday, July 27th. Credit Suisse Group AG restated a “buy” rating on shares of Aecom Technology Corp. in a research note on Saturday, June 4th. Zacks Investment Research lowered Aecom Technology Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Finally, Deutsche Bank AG lowered their target price on Aecom Technology Corp. from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, August 22nd. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Aecom Technology Corp. currently has an average rating of “Buy” and an average price target of $35.55.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA increased its stake in shares of Aecom Technology Corp. by 17.1% in the first quarter. Primecap Management Co. CA now owns 7,470,676 shares of the company’s stock worth $230,022,000 after buying an additional 1,092,631 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Aecom Technology Corp. by 0.3% in the first quarter. BlackRock Fund Advisors now owns 4,934,824 shares of the company’s stock worth $151,943,000 after buying an additional 12,509 shares during the last quarter. State Street Corp increased its stake in shares of Aecom Technology Corp. by 1.7% in the first quarter. State Street Corp now owns 3,989,728 shares of the company’s stock worth $122,842,000 after buying an additional 65,203 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Aecom Technology Corp. by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 3,648,310 shares of the company’s stock worth $112,332,000 after buying an additional 354,408 shares during the last quarter. Finally, Greenhaven Associates Inc. acquired a new stake in shares of Aecom Technology Corp. during the second quarter worth approximately $47,938,000. Institutional investors own 84.46% of the company’s stock.
About Aecom Technology Corp.
AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Company provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services.
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