Insider Selling: Aecom (ACM) Director Sells 6,468 Shares of Stock

Aecom (NYSE:ACM) Director Rob J. Routs sold 6,468 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $37.12, for a total value of $240,092.16. Following the completion of the transaction, the director now directly owns 18,904 shares of the company’s stock, valued at approximately $701,716.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Aecom (NYSE ACM) remained flat at $$37.38 during midday trading on Thursday. 333,382 shares of the stock traded hands, compared to its average volume of 980,681. Aecom has a twelve month low of $30.15 and a twelve month high of $39.50. The stock has a market cap of $5,890.00, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.00 and a beta of 1.73. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20.

Aecom (NYSE:ACM) last released its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Aecom had a net margin of 2.14% and a return on equity of 9.21%. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. sell-side analysts anticipate that Aecom will post 2.66 earnings per share for the current fiscal year.

Aecom announced that its board has approved a stock buyback plan on Thursday, September 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to buy up to 18.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in shares of Aecom by 4.2% during the 2nd quarter. Stifel Financial Corp now owns 10,925 shares of the construction company’s stock valued at $353,000 after purchasing an additional 441 shares during the last quarter. Sii Investments Inc. WI lifted its holdings in shares of Aecom by 3.5% during the second quarter. Sii Investments Inc. WI now owns 13,252 shares of the construction company’s stock worth $429,000 after purchasing an additional 450 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aecom by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after purchasing an additional 576 shares during the period. Utah Retirement Systems lifted its holdings in shares of Aecom by 2.2% during the second quarter. Utah Retirement Systems now owns 28,329 shares of the construction company’s stock worth $916,000 after purchasing an additional 600 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Aecom by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 46,604 shares of the construction company’s stock worth $1,507,000 after purchasing an additional 819 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on ACM shares. Citigroup reissued a “buy” rating and issued a $4.00 target price (down previously from $40.00) on shares of Aecom in a research report on Friday, October 27th. Credit Suisse Group reissued a “neutral” rating on shares of Aecom in a research report on Tuesday, November 14th. Robert W. Baird reissued a “hold” rating and issued a $36.00 target price on shares of Aecom in a research report on Tuesday, September 5th. DA Davidson reissued a “hold” rating and issued a $39.00 target price on shares of Aecom in a research report on Tuesday, November 14th. Finally, Barclays started coverage on Aecom in a research report on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 target price for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $31.30.

WARNING: “Insider Selling: Aecom (ACM) Director Sells 6,468 Shares of Stock” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/28/insider-selling-aecom-acm-director-sells-6468-shares-of-stock.html.

About Aecom

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The Company’s segments include design and consulting services (DCS), construction services (CS) and management services (MS). Its DCS segment is engaged in planning, consulting, architectural and engineering design services to commercial and government clients in major end markets, such as transportation, facilities, environmental, energy, water and government.

Insider Buying and Selling by Quarter for Aecom (NYSE:ACM)

Receive News & Ratings for Aecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply