Aecom (NYSE:ACM) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 6,270,000 shares, a growth of 14.8% from the January 15th total of 5,460,000 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is currently 5.2 days.
ACM stock opened at $47.79 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.16 and a quick ratio of 1.16. The company has a fifty day moving average price of $47.04 and a two-hundred day moving average price of $40.96. Aecom has a one year low of $28.96 and a one year high of $50.52. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of -27.31, a price-to-earnings-growth ratio of 1.57 and a beta of 1.67.
Aecom (NYSE:ACM) last released its quarterly earnings data on Monday, February 3rd. The construction company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.23). Aecom had a positive return on equity of 10.22% and a negative net margin of 1.48%. The company had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period last year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 869.4% compared to the same quarter last year. Research analysts anticipate that Aecom will post 2.44 EPS for the current fiscal year.
ACM has been the subject of several analyst reports. Citigroup raised their target price on shares of Aecom from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. TheStreet cut shares of Aecom from a “b-” rating to a “c+” rating in a research note on Monday, December 9th. ValuEngine raised shares of Aecom from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. UBS Group reissued a “buy” rating and issued a $50.00 target price (up from $42.00) on shares of Aecom in a research note on Thursday, November 14th. Finally, Barclays raised their target price on shares of Aecom from $38.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $48.00.
In related news, insider John C. Vollmer sold 30,240 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $43.28, for a total value of $1,308,787.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter A. Feld bought 200,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of $42.56 per share, with a total value of $8,512,000.00. The disclosure for this purchase can be found here. 4.87% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Aecom by 47.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,508 shares of the construction company’s stock worth $171,000 after buying an additional 1,457 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Aecom by 42.3% in the 2nd quarter. Royal Bank of Canada now owns 47,307 shares of the construction company’s stock worth $1,790,000 after purchasing an additional 14,073 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Aecom by 0.4% in the 2nd quarter. BlackRock Inc. now owns 13,652,262 shares of the construction company’s stock worth $516,738,000 after purchasing an additional 58,836 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in shares of Aecom by 0.3% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 148,030 shares of the construction company’s stock worth $5,560,000 after purchasing an additional 500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aecom by 6.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,744 shares of the construction company’s stock worth $404,000 after purchasing an additional 696 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.
AECOM, together with its subsidiaries, engages in designing, building, financing, and operating infrastructure assets worldwide. It operates through four segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). The DCS segment offers planning, consulting, architectural and engineering design, program management, and construction management services for industrial, commercial, institutional, and government clients, including the transportation, facilities, environmental, energy, and water markets.
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