Aecom (ACM) Hits New 52-Week Low at $28.89

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Shares of Aecom (NYSE:ACM) reached a new 52-week low on Thursday . The company traded as low as $28.89 and last traded at $29.05, with a volume of 86410 shares traded. The stock had previously closed at $30.11.

ACM has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Aecom from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. ValuEngine upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. UBS Group set a $40.00 target price on shares of Aecom and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Robert W. Baird restated a “buy” rating and set a $36.00 target price (down from $41.00) on shares of Aecom in a research note on Monday, November 12th. Finally, Credit Suisse Group cut their target price on shares of Aecom from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $36.75.

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.81. The firm has a market cap of $4.60 billion, a PE ratio of 10.66, a P/E/G ratio of 2.12 and a beta of 1.65.

Aecom (NYSE:ACM) last announced its quarterly earnings results on Monday, November 12th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.27 billion. Aecom had a return on equity of 10.16% and a net margin of 0.68%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, research analysts predict that Aecom will post 2.72 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC acquired a new position in Aecom in the second quarter valued at approximately $185,000. Paloma Partners Management Co acquired a new stake in shares of Aecom in the second quarter valued at approximately $242,000. Raymond James & Associates boosted its holdings in shares of Aecom by 34.6% in the second quarter. Raymond James & Associates now owns 7,952 shares of the construction company’s stock valued at $263,000 after acquiring an additional 2,044 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Aecom in the second quarter valued at approximately $300,000. Finally, ING Groep NV acquired a new stake in shares of Aecom in the second quarter valued at approximately $342,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

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Aecom Company Profile (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.

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