According to Zacks, “AECOM has a decent earnings history, beating estimates thrice in the trailing four quarters. Factors like solid execution on projects and lower expenses from acquisitions & integration, have been fuelling the company’s bottom-line performance over the past few quarters. However, on the flip side, macroeconomic factors like strengthening of the U.S. dollar and unfavorable political & military conditions in certain end-markets pose as concerns. Continued volatility in the oil and gas market, with declining prices and contracting spending levels, is hurting the company’s projects and orders and can prove to be a major spoilsport. In addition, uncertainty associated with government contracts and the company’s operations in certain risk-prone areas raise caution. Moreover, demand for AECOM’s services is cyclical and hence, is largely vulnerable to reduction in government and private industrial spending.”
A number of other equities analysts also recently issued reports on ACM. KeyCorp reiterated a buy rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Argus reiterated a hold rating on shares of Aecom Technology Corp. in a report on Thursday, August 18th. DA Davidson increased their price target on shares of Aecom Technology Corp. from $33.00 to $38.00 and gave the company a neutral rating in a report on Wednesday, August 10th. Citigroup Inc. reiterated a buy rating and issued a $43.00 price target on shares of Aecom Technology Corp. in a report on Friday, September 30th. Finally, TheStreet upgraded shares of Aecom Technology Corp. from a hold rating to a buy rating in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $36.18.
Aecom Technology Corp. (NYSE:ACM) traded up 1.34% during trading on Tuesday, reaching $29.53. 232,415 shares of the company were exchanged. The stock has a 50 day moving average price of $30.16 and a 200 day moving average price of $31.83. Aecom Technology Corp. has a 12 month low of $22.80 and a 12 month high of $36.20. The firm has a market capitalization of $4.54 billion, a PE ratio of 51.63 and a beta of 1.79.
Aecom Technology Corp. (NYSE:ACM) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.11. The company earned $4.41 billion during the quarter, compared to the consensus estimate of $4.52 billion. Aecom Technology Corp. had a net margin of 0.51% and a return on equity of 14.11%. Aecom Technology Corp.’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, analysts expect that Aecom Technology Corp. will post $3.12 EPS for the current fiscal year.
In related news, CEO Michael S. Burke sold 2,909 shares of the firm’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $34.00, for a total value of $98,906.00. Following the sale, the chief executive officer now directly owns 108,562 shares of the company’s stock, valued at $3,691,108. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Daniel R. Tishman sold 18,478 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $32.41, for a total transaction of $598,871.98. Following the completion of the sale, the insider now directly owns 259,262 shares in the company, valued at $8,402,681.42. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Greenhaven Associates Inc. bought a new stake in Aecom Technology Corp. during the second quarter valued at about $47,938,000. Primecap Management Co. CA boosted its stake in 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 valued at $230,022,000 after buying an additional 1,092,631 shares in the last quarter. Norges Bank bought a new stake in Aecom Technology Corp. during the fourth quarter valued at about $32,424,000. Emerald Acquisition Ltd. bought a new stake in Aecom Technology Corp. during the second quarter valued at about $25,042,000. Finally, JPMorgan Chase & Co. boosted its stake in Aecom Technology Corp. by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 3,648,310 shares of the company’s stock valued at $112,332,000 after buying an additional 354,408 shares in the last quarter. 84.46% of the stock is currently owned by institutional investors and hedge funds.
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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