Aecom (NYSE:ACM) Vice Chairman Daniel R. Tishman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $38.88, for a total transaction of $583,200.00. Following the completion of the sale, the insider now owns 129,095 shares of the company’s stock, valued at $5,019,213.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Aecom (ACM) traded up $0.17 on Friday, reaching $38.96. 146,371 shares of the company’s stock traded hands, compared to its average volume of 716,650. 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 12 month low of $30.15 and a 12 month high of $39.51. The stock has a market capitalization of $6,100.00, a P/E ratio of 18.29, a P/E/G ratio of 2.08 and a beta of 1.73.
Aecom (NYSE:ACM) last released its quarterly earnings data 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 company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Aecom’s revenue for the quarter was up 12.3% on a year-over-year basis. equities research analysts anticipate that Aecom will post 2.66 EPS for the current year.
Aecom announced that its board has initiated a stock repurchase program on Thursday, September 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to purchase up to 18.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crow Point Partners LLC purchased a new stake in Aecom during the third quarter worth approximately $102,000. CIBC Asset Management Inc purchased a new stake in Aecom during the third quarter worth approximately $204,000. ING Groep NV purchased a new stake in Aecom during the third quarter worth approximately $224,000. Pure Financial Advisors Inc. purchased a new stake in Aecom during the fourth quarter worth approximately $244,000. Finally, San Francisco Sentry Investment Group CA purchased a new stake in Aecom during the second quarter worth approximately $242,000. Institutional investors own 82.36% of the company’s stock.
ACM has been the subject of a number of recent analyst reports. KeyCorp restated a “buy” rating on shares of Aecom in a report on Friday, September 22nd. Citigroup restated a “buy” rating and issued a $4.00 target price (down from $40.00) on shares of Aecom in a report on Friday, October 27th. UBS Group restated a “buy” rating and issued a $4.00 target price (down from $40.00) on shares of Aecom in a report on Tuesday, November 14th. Argus boosted their target price 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. Finally, Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.00.
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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