Insider Selling: Aecom (ACM) Director Sells $166,820.00 in Stock

Aecom (NYSE:ACM) Director James H. Fordyce sold 4,390 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $38.00, for a total transaction of $166,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Aecom (NYSE:ACM) opened at $36.93 on Friday. The company has a market cap of $5,821.05, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.98 and a beta of 1.73. 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 has a 52-week low of $30.15 and a 52-week high of $39.50.

Aecom (NYSE:ACM) last released its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The company 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 firm’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. equities analysts expect that Aecom will post 2.66 EPS for the current year.

Aecom announced that its board has approved a stock buyback plan on Thursday, September 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to buy up to 18.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in ACM. Crow Point Partners LLC acquired a new stake in Aecom during the third quarter valued at $102,000. Global X Management Co. LLC grew its position in shares of Aecom by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock valued at $159,000 after purchasing an additional 3,388 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Aecom by 12.0% in the second 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 period. GAM Holding AG acquired a new stake in shares of Aecom in the second quarter valued at about $194,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Aecom in the third quarter valued at about $204,000. Institutional investors own 82.39% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Aecom from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. UBS reiterated a “buy” rating and issued a $4.00 price objective (down previously from $40.00) on shares of Aecom in a research note on Tuesday, November 14th. KeyCorp reiterated a “buy” rating on shares of Aecom in a research note on Friday, September 22nd. Argus increased their price objective on shares of Aecom from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $36.00 price objective on shares of Aecom in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Aecom has a consensus rating of “Hold” and a consensus price target of $31.30.

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About Aecom

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.

Insider Buying and Selling by Quarter for Aecom (NYSE:ACM)

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