Aecom (ACM) Director Rob J. Routs Sells 6,468 Shares

Aecom (NYSE:ACM) Director Rob J. Routs sold 6,468 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $37.12, for a total transaction of $240,092.16. Following the completion of the sale, the director now owns 18,904 shares in the company, valued at $701,716.48. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Aecom (ACM) remained flat at $$37.38 during trading hours on Friday. The company’s stock had a trading volume of 333,300 shares, compared to its average volume of 980,681. The stock has a market cap of $5,892.00, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.73. Aecom has a 52 week low of $30.15 and a 52 week high of $39.50. 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 (NYSE:ACM) last issued its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. Aecom had a net margin of 1.86% and a return on equity of 12.12%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. analysts anticipate that Aecom will post 2.66 earnings per share for the current year.

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

Large investors have recently modified their holdings of the company. Crow Point Partners LLC bought a new position in shares of Aecom in the 3rd quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Aecom by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock valued at $173,000 after purchasing an additional 576 shares during the last quarter. GAM Holding AG bought a new position in shares of Aecom during the 2nd quarter valued at $194,000. CIBC Asset Management Inc bought a new position in shares of Aecom during the 3rd quarter valued at $204,000. Finally, ING Groep NV bought a new position in shares of Aecom during the 3rd quarter valued at $224,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

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

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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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