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 research analysts have also recently commented on the company. Deutsche Bank AG decreased their price target on Aecom Technology Corp. from $41.00 to $38.00 and set a buy rating on the stock in a report on Monday, August 22nd. Citigroup Inc. set a $43.00 target price on Aecom Technology Corp. and gave the stock a buy rating in a report on Friday, September 23rd. Canaccord Genuity reaffirmed a hold rating and issued a $33.00 target price on shares of Aecom Technology Corp. in a report on Wednesday, September 7th. Standpoint Research reaffirmed a buy rating on shares of Aecom Technology Corp. in a report on Wednesday, July 27th. Finally, TheStreet raised 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. The company presently has a consensus rating of Buy and an average price target of $36.18.
Aecom Technology Corp. (NYSE:ACM) opened at 29.30 on Tuesday. The firm’s 50-day moving average price is $29.98 and its 200-day moving average price is $31.80. Aecom Technology Corp. has a 52-week low of $22.80 and a 52-week high of $36.20. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 51.22 and a beta of 1.79.
Aecom Technology Corp. (NYSE:ACM) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.11. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Aecom Technology Corp. had a return on equity of 14.11% and a net margin of 0.51%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. On average, equities analysts anticipate that Aecom Technology Corp. will post $3.12 EPS for the current year.
In other Aecom Technology Corp. news, Vice Chairman Daniel R. Tishman sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $35.20, for a total transaction of $1,056,000.00. Following the completion of the transaction, the insider now owns 229,262 shares in the company, valued at $8,070,022.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frederick W. Werner sold 27,787 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 62,936 shares of the company’s stock, valued at approximately $1,751,508.88. The disclosure for this sale can be found here. Company insiders own 1.14% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BB&T Securities LLC raised its position in shares of Aecom Technology Corp. by 0.8% in the first quarter. BB&T Securities LLC now owns 39,700 shares of the company’s stock valued at $1,222,000 after buying an additional 300 shares during the period. Arizona State Retirement System raised its stake in shares of Aecom Technology Corp. by 1.1% in the first quarter. Arizona State Retirement System now owns 72,601 shares of the company’s stock worth $2,235,000 after buying an additional 800 shares during the last quarter. FCA Corp TX raised its stake in shares of Aecom Technology Corp. by 21.4% in the second quarter. FCA Corp TX now owns 8,500 shares of the company’s stock worth $270,000 after buying an additional 1,500 shares during the last quarter. Aperio Group LLC raised its stake in shares of Aecom Technology Corp. by 6.3% in the first quarter. Aperio Group LLC now owns 32,358 shares of the company’s stock worth $996,000 after buying an additional 1,918 shares during the last quarter. Finally, BlackRock Japan Co. Ltd raised its stake in shares of Aecom Technology Corp. by 18.2% in the first quarter. BlackRock Japan Co. Ltd now owns 13,203 shares of the company’s stock worth $407,000 after buying an additional 2,030 shares during the last quarter. Institutional investors and hedge funds 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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