Aecom (NYSE:ACM) Director Rob J. Routs sold 6,468 shares of Aecom stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $37.12, for a total transaction of $240,092.16. Following the sale, the director now owns 18,904 shares of the company’s stock, valued at $701,716.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Aecom (ACM) traded up $0.17 during trading on Friday, reaching $39.11. 412,952 shares of the company were exchanged, compared to its average volume of 745,750. Aecom has a one year low of $30.15 and a one year high of $39.50. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6,140.00, a P/E ratio of 18.36, a P/E/G ratio of 2.06 and a beta of 1.73.
Aecom (NYSE:ACM) last issued its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Aecom had a net margin of 1.86% and a return on equity of 12.12%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. analysts predict that Aecom will post 2.66 EPS for the current year.
Aecom declared that its Board of Directors has initiated a share repurchase program on Thursday, September 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to reacquire up to 18.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently modified their holdings of ACM. Crow Point Partners LLC acquired a new stake in Aecom during the third quarter worth approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 in the last quarter. CIBC Asset Management Inc acquired a new stake in Aecom during the third quarter worth approximately $204,000. GAM Holding AG acquired a new stake in Aecom during the second quarter worth approximately $194,000. Finally, ING Groep NV acquired a new stake in Aecom during the third quarter worth approximately $224,000. Institutional investors own 82.36% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Barclays assumed coverage on shares of Aecom in a research report on Tuesday, December 12th. They set an “underweight” rating and a $34.00 price target for the company. Zacks Investment Research upgraded shares of Aecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Citigroup reissued a “buy” rating and issued a $4.00 price objective (down previously from $40.00) on shares of Aecom in a research note on Friday, October 27th. Robert W. Baird reissued a “neutral” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Aecom in a research note on Friday, September 22nd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $36.00 price objective on shares of Aecom in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $32.00.
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Aecom Company Profile
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.
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