Rob J. Routs Sells 6,468 Shares of Aecom (ACM) Stock
Aecom (NYSE:ACM) Director Rob J. Routs sold 6,468 shares of the business’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $37.12, for a total transaction of $240,092.16. Following the transaction, the director now owns 18,904 shares in the company, valued at approximately $701,716.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Aecom (NYSE ACM) opened at $37.72 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $5,950.00, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.73. Aecom has a 52 week low of $30.15 and a 52 week high of $39.50.
Aecom (NYSE:ACM) last issued its quarterly earnings data on Monday, November 13th. The construction company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Aecom had a net margin of 1.86% and a return on equity of 12.12%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. sell-side analysts predict that Aecom will post 2.66 EPS for the current fiscal year.
Aecom announced that its Board of Directors has authorized a stock buyback program on Thursday, September 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 18.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
A number of institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its stake in Aecom by 4.2% during the second quarter. Stifel Financial Corp now owns 10,925 shares of the construction company’s stock worth $353,000 after buying an additional 441 shares during the last quarter. Sii Investments Inc. WI lifted its position in shares of Aecom by 3.5% during the second quarter. Sii Investments Inc. WI now owns 13,252 shares of the construction company’s stock worth $429,000 after purchasing an additional 450 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Aecom by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after purchasing an additional 576 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Aecom by 2.2% during the second quarter. Utah Retirement Systems now owns 28,329 shares of the construction company’s stock worth $916,000 after purchasing an additional 600 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Aecom by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 46,604 shares of the construction company’s stock worth $1,507,000 after purchasing an additional 819 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. Barclays assumed coverage on shares of Aecom in a research note on Tuesday, December 12th. They issued an “underweight” rating and a $34.00 target price on the stock. Zacks Investment Research raised shares of Aecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Robert W. Baird reissued a “hold” rating and issued a $36.00 target price on shares of Aecom in a research note on Tuesday, September 5th. Citigroup reissued a “buy” rating and issued a $4.00 target price (down previously from $40.00) on shares of Aecom in a research note on Friday, October 27th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $36.00 target price on shares of Aecom in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.30.
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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