Aecom Technology Corp. (NYSE:ACM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Friday. They presently have a $43.00 price objective on the stock. Citigroup Inc.’s price target indicates a potential upside of 44.64% from the company’s previous close.
Other equities analysts have also issued reports about the company. TheStreet upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. KeyCorp restated a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, June 29th. Zacks Investment Research upgraded Aecom Technology Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, August 4th. Standpoint Research restated a “buy” rating on shares of Aecom Technology Corp. in a report on Wednesday, July 27th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Aecom Technology Corp. in a report on Saturday, June 4th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Aecom Technology Corp. currently has a consensus rating of “Buy” and a consensus price target of $36.18.
Aecom Technology Corp. (NYSE:ACM) traded up 1.05% on Friday, reaching $29.73. The company’s stock had a trading volume of 1,250,064 shares. The firm has a market capitalization of $4.57 billion, a PE ratio of 51.98 and a beta of 1.89. Aecom Technology Corp. has a 52 week low of $22.80 and a 52 week high of $36.20. The stock’s 50 day moving average is $30.62 and its 200-day moving average is $31.84.
Aecom Technology Corp. (NYSE:ACM) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business earned $4.41 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the company earned $0.74 earnings per share. Aecom Technology Corp.’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts predict that Aecom Technology Corp. will post $3.12 EPS for the current year.
In related news, insider Frederick W. Werner sold 27,787 shares of Aecom Technology Corp. stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $27.83, for a total transaction of $773,312.21. Following the sale, the insider now directly owns 62,936 shares of the company’s stock, valued at $1,751,508.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Daniel R. Tishman sold 18,478 shares of Aecom Technology Corp. stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $32.41, for a total value of $598,871.98. Following 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. Corporate insiders own 1.14% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Greenhaven Associates Inc. bought a new stake in Aecom Technology Corp. during the second quarter worth $47,938,000. Primecap Management Co. CA increased 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 worth $230,022,000 after buying an additional 1,092,631 shares during the last quarter. Norges Bank bought a new stake in Aecom Technology Corp. during the fourth quarter worth $32,424,000. Emerald Acquisition Ltd. bought a new stake in Aecom Technology Corp. during the second quarter worth $25,042,000. Finally, JPMorgan Chase & Co. increased 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 worth $112,332,000 after buying an additional 354,408 shares during the last quarter. 84.46% of the stock is currently owned by institutional investors.
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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