Aecom (NYSE:ACM) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 6,002,774 shares, an increase of 40.6% from the November 15th total of 4,270,730 shares. Approximately 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 1,485,893 shares, the days-to-cover ratio is presently 4.0 days.

In related news, CEO Michael S. Burke sold 56,800 shares of Aecom stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $36.86, for a total transaction of $2,093,648.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Burke sold 30,000 shares of Aecom stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $39.00, for a total value of $1,170,000.00. Following the transaction, the chief executive officer now owns 157,649 shares in the company, valued at approximately $6,148,311. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,190 shares of company stock worth $5,114,368. 0.73% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. South Dakota Investment Council grew its stake in Aecom by 16.5% during the 2nd quarter. South Dakota Investment Council now owns 246,100 shares of the construction company’s stock worth $7,956,000 after purchasing an additional 34,900 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Aecom by 15.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 92,861 shares of the construction company’s stock worth $3,002,000 after purchasing an additional 12,167 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Aecom by 7.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,048,130 shares of the construction company’s stock worth $38,581,000 after acquiring an additional 73,060 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Aecom by 210.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 12,400 shares of the construction company’s stock worth $400,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Aecom by 6.6% during the 3rd quarter. Sei Investments Co. now owns 261,827 shares of the construction company’s stock worth $9,638,000 after acquiring an additional 16,272 shares in the last quarter. 82.39% of the stock is owned by hedge funds and other institutional investors.

ACM has been the topic of a number of research analyst reports. Citigroup restated a “buy” rating and issued a $4.00 target price (down previously from $40.00) on shares of Aecom in a research report on Friday, October 27th. Credit Suisse Group restated a “neutral” rating on shares of Aecom in a research report on Tuesday, November 14th. Robert W. Baird restated a “hold” rating and issued a $36.00 target price on shares of Aecom in a research report on Tuesday, September 5th. KeyCorp restated a “buy” rating and issued a $40.00 target price on shares of Aecom in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded Aecom from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Aecom has a consensus rating of “Hold” and an average price target of $31.30.

Shares of Aecom (NYSE:ACM) opened at $37.57 on Tuesday. 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 $5,920.00, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.98 and a beta of 1.73. Aecom has a 1-year low of $30.15 and a 1-year high of $39.50.

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

Aecom declared that its board has approved a stock buyback program on Thursday, September 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to repurchase up to 18.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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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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