Aecom (ACM) Director Sells $196,647.60 in Stock

Aecom (NYSE:ACM) Director Linda M. Griego sold 5,160 shares of Aecom stock in a transaction on Friday, January 12th. The shares were sold at an average price of $38.11, for a total transaction of $196,647.60. Following the completion of the sale, the director now owns 33,335 shares in the company, valued at approximately $1,270,396.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Aecom (NYSE ACM) traded down $0.21 during trading on Tuesday, reaching $38.86. The company’s stock had a trading volume of 855,172 shares, compared to its average volume of 744,640. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $6,130.00, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.10 and a beta of 1.73. Aecom has a fifty-two week low of $30.15 and a fifty-two week high of $39.51.

Aecom (NYSE:ACM) last announced its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Aecom had a return on equity of 12.12% and a net margin of 1.86%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. equities analysts expect that Aecom will post 2.66 EPS for the current year.

Aecom declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 18.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Several research firms recently weighed in on ACM. Robert W. Baird upgraded shares of Aecom from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $45.00 in a report on Wednesday, January 3rd. Barclays began coverage on shares of Aecom in a report on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 price target on the stock. Argus lifted their price target on shares of Aecom from $37.00 to $43.00 and gave the company a “buy” rating in a report on Monday, November 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $36.00 price target on shares of Aecom in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

A number of institutional investors have recently made changes to their positions in the business. Stifel Financial Corp lifted its position in Aecom by 4.2% during the second quarter. Stifel Financial Corp now owns 10,925 shares of the construction company’s stock valued at $353,000 after buying an additional 441 shares during the period. Sii Investments Inc. WI lifted its position in Aecom by 3.5% during the second quarter. Sii Investments Inc. WI now owns 13,252 shares of the construction company’s stock valued at $429,000 after buying an additional 450 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Aecom by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after buying an additional 576 shares during the period. Ameritas Investment Partners Inc. lifted its position in Aecom by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 46,604 shares of the construction company’s stock valued at $1,507,000 after buying an additional 819 shares during the period. Finally, Rhumbline Advisers lifted its position in Aecom by 0.5% during the third quarter. Rhumbline Advisers now owns 275,776 shares of the construction company’s stock valued at $10,151,000 after buying an additional 1,412 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Aecom (NYSE:ACM)

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