Aecom (ACM) Hits New 1-Year Low at $30.87

Aecom (NYSE:ACM)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $30.87 and last traded at $30.84, with a volume of 89721 shares changing hands. The stock had previously closed at $31.93.

Several equities analysts have commented on ACM shares. Zacks Investment Research lowered shares of Aecom from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Citigroup decreased their target price on shares of Aecom from $49.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 23rd. Credit Suisse Group decreased their target price on shares of Aecom from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Wednesday, August 8th. Argus lowered shares of Aecom from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, ValuEngine lowered shares of Aecom from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.67.

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. The firm has a market cap of $5.25 billion, a P/E ratio of 10.46, a PEG ratio of 2.19 and a beta of 1.57.

Aecom (NYSE:ACM) last announced its quarterly earnings results on Tuesday, August 7th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.88 billion. Aecom had a net margin of 0.72% and a return on equity of 9.86%. During the same period in the previous year, the firm posted $0.78 EPS. As a group, equities analysts anticipate that Aecom will post 2.68 EPS for the current year.

In related news, insider Lara Poloni sold 1,607 shares of Aecom stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $32.49, for a total transaction of $52,211.43. Following the sale, the insider now directly owns 2,288 shares of the company’s stock, valued at approximately $74,337.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.74% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Investment House LLC grew its holdings in shares of Aecom by 12.3% during the 3rd quarter. Investment House LLC now owns 36,655 shares of the construction company’s stock valued at $1,197,000 after purchasing an additional 4,025 shares during the last quarter. Northern Trust Corp boosted its position in Aecom by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,220,668 shares of the construction company’s stock worth $40,318,000 after buying an additional 8,818 shares during the period. Global X Management Co LLC boosted its position in Aecom by 17.9% during the 2nd quarter. Global X Management Co LLC now owns 38,712 shares of the construction company’s stock worth $1,279,000 after buying an additional 5,882 shares during the period. Verition Fund Management LLC acquired a new stake in Aecom during the 2nd quarter worth approximately $813,000. Finally, California Public Employees Retirement System boosted its position in Aecom by 22.9% during the 2nd quarter. California Public Employees Retirement System now owns 443,257 shares of the construction company’s stock worth $14,641,000 after buying an additional 82,480 shares during the period. 84.41% of the stock is currently owned by institutional investors.

About Aecom (NYSE:ACM)

AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. The company operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment provides planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, such as transportation, facilities, environmental, and energy/power markets.

See Also: Leveraged Buyout (LBO)

Receive News & Ratings for Aecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecom and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply