Aecom (ACM) Short Interest Update
Aecom (NYSE:ACM) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 6,002,774 shares, an increase of 40.6% from the November 15th total of 4,270,730 shares. Based on an average daily volume of 1,485,893 shares, the short-interest ratio is presently 4.0 days. Approximately 3.8% of the shares of the stock are short sold.
In related news, Vice Chairman Daniel R. Tishman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $38.26, for a total value of $573,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Burke sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.00, for a total transaction of $1,110,000.00. Following the completion of the sale, the chief executive officer now directly owns 154,362 shares of the company’s stock, valued at approximately $5,711,394. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,190 shares of company stock valued at $5,114,368. Corporate insiders own 0.73% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Crow Point Partners LLC bought a new stake in Aecom in the third quarter worth about $102,000. Global X Management Co. LLC raised its position in Aecom by 220.7% in the second quarter. Global X Management Co. LLC now owns 4,923 shares of the construction company’s stock worth $159,000 after acquiring an additional 3,388 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Aecom by 12.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,359 shares of the construction company’s stock worth $173,000 after acquiring an additional 576 shares during the period. CIBC Asset Management Inc bought a new stake in Aecom in the third quarter worth about $204,000. Finally, GAM Holding AG bought a new stake in Aecom in the second quarter worth about $194,000. Institutional investors and hedge funds own 82.36% of the company’s stock.
Aecom (NYSE:ACM) opened at $37.28 on Friday. Aecom has a 52-week low of $30.15 and a 52-week high of $39.50. The stock has a market cap of $5,847.86, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.99 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 (NYSE:ACM) last announced its quarterly earnings results on Monday, November 13th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. Aecom had a net margin of 1.86% and a return on equity of 12.12%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was up 12.3% on a year-over-year basis. sell-side analysts expect that Aecom will post 2.66 earnings per share for the current year.
Aecom announced that its board has approved a share repurchase program on Thursday, September 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 18.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
A number of equities analysts have recently weighed in on ACM shares. KeyCorp reissued a “buy” rating on shares of Aecom in a research report on Friday, September 22nd. Credit Suisse Group reissued a “neutral” rating on shares of Aecom in a research report on Tuesday, November 14th. DA Davidson reissued a “hold” rating and set a $39.00 price target on shares of Aecom in a research report on Tuesday, November 14th. UBS Group reissued a “buy” rating and set a $4.00 price target (down from $40.00) on shares of Aecom in a research report on Tuesday, November 14th. Finally, Zacks Investment Research raised shares of Aecom from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price 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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