Aecom (NYSE:ACM) Director Rob J. Routs sold 6,468 shares of the company’s 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 completion of the transaction, the director now owns 18,904 shares in the company, valued at $701,716.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Aecom (NYSE:ACM) opened at $39.07 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.88. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.50. The stock has a market cap of $6,137.89, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.73.
Aecom (NYSE:ACM) last released its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Aecom had a net margin of 1.86% and a return on equity of 12.12%. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter last year, the business earned $0.65 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. sell-side analysts forecast that Aecom will post 2.66 earnings per share for the current year.
Aecom announced that its Board of Directors has approved a stock repurchase program on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 18.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
ACM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. UBS Group restated a “buy” rating and issued a $4.00 price target (down from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. KeyCorp restated a “buy” rating on shares of Aecom in a research note on Friday, September 22nd. Argus raised their price target on shares of Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, Robert W. Baird upgraded shares of Aecom from a “neutral” rating to an “outperform” rating and raised their price target for the company from $40.00 to $45.00 in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.00.
Several hedge funds have recently made changes to their positions in ACM. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Aecom during the 2nd quarter worth approximately $12,098,000. Russell Investments Group Ltd. grew its position in shares of Aecom by 36.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 984,497 shares of the construction company’s stock worth $36,240,000 after buying an additional 264,266 shares during the period. First Trust Advisors LP grew its position in shares of Aecom by 33.5% during the 3rd quarter. First Trust Advisors LP now owns 982,367 shares of the construction company’s stock worth $36,161,000 after buying an additional 246,658 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Aecom by 79.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 555,535 shares of the construction company’s stock worth $17,960,000 after buying an additional 245,975 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Aecom by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 13,443,021 shares of the construction company’s stock worth $434,613,000 after buying an additional 176,473 shares during the period. 82.36% of the stock is owned by institutional investors.
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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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