AECOM (NYSE:ACM) last announced its earnings results on Tuesday, February 7th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The business earned $4.36 billion during the quarter, compared to the consensus estimate of $4.23 billion. AECOM had a net margin of 0.94% and a return on equity of 12.20%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share.
AECOM (NYSE:ACM) – KeyCorp reduced their Q2 2017 EPS estimates for shares of AECOM in a note issued to investors on Tuesday. KeyCorp analyst T. Afzal now expects that the brokerage will earn $0.90 per share for the quarter, down from their prior estimate of $0.92. KeyCorp also issued estimates for AECOM’s Q3 2017 earnings at $0.86 EPS.
ACM has been the subject of a number of other reports. Standpoint Research increased their price target on AECOM from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 8th. TheStreet cut AECOM from a “b-” rating to a “c+” rating in a report on Monday, January 30th. Deutsche Bank AG cut AECOM from a “buy” rating to a “hold” rating and decreased their price objective for the company from $42.00 to $41.00 in a research note on Thursday, January 12th. Zacks Investment Research upgraded AECOM from a “strong sell” rating to a “hold” rating and set a $40.00 price objective for the company in a research note on Monday, January 16th. Finally, DA Davidson reiterated a “hold” rating and issued a $40.00 price objective on shares of AECOM in a research note on Friday, November 25th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $39.08.
Shares of AECOM (NYSE:ACM) traded up 0.1958% during trading on Thursday, reaching $37.1025. 83,023 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $36.95 and a 200 day moving average price of $33.41. AECOM has a 12-month low of $22.80 and a 12-month high of $40.72. The company has a market capitalization of $5.71 billion, a P/E ratio of 35.5388 and a beta of 1.90.
Several hedge funds have recently made changes to their positions in ACM. Greenhaven Associates Inc. boosted its stake in AECOM by 24.6% in the third quarter. Greenhaven Associates Inc. now owns 1,879,907 shares of the company’s stock valued at $55,890,000 after buying an additional 370,992 shares in the last quarter. Country Trust Bank boosted its stake in AECOM by 12.3% in the third quarter. Country Trust Bank now owns 743,144 shares of the company’s stock valued at $22,094,000 after buying an additional 81,586 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of AECOM during the fourth quarter worth about $24,574,000. Selz Capital LLC raised its position in shares of AECOM by 76.5% in the third quarter. Selz Capital LLC now owns 450,000 shares of the company’s stock worth $13,379,000 after buying an additional 195,000 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of AECOM during the third quarter worth about $5,485,000. Institutional investors and hedge funds own 84.94% of the company’s stock.
In related news, CEO Michael S. Burke sold 30,000 shares of the stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $35.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief executive officer now owns 83,602 shares of the company’s stock, valued at $2,926,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick W. Werner sold 6,000 shares of the stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $39.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now directly owns 38,149 shares of the company’s stock, valued at approximately $1,487,811. The disclosure for this sale can be found here. Insiders sold 232,038 shares of company stock valued at $8,610,783 over the last quarter. Insiders own 0.73% of the company’s stock.
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.