Aecom (ACM) Reaches New 52-Week Low at $29.27

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Shares of Aecom (NYSE:ACM) reached a new 52-week low on Tuesday . The company traded as low as $29.27 and last traded at $29.50, with a volume of 776406 shares trading hands. The stock had previously closed at $29.77.

A number of research firms recently weighed in on ACM. Citigroup decreased their price target on Aecom from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Aecom from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Credit Suisse Group decreased their price target on Aecom from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 8th. Argus downgraded Aecom from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, ValuEngine downgraded Aecom from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Aecom presently has a consensus rating of “Hold” and a consensus target price of $35.67.

The company has a debt-to-equity ratio of 0.87, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $4.74 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.57.

Aecom (NYSE:ACM) last posted its earnings results on Tuesday, August 7th. The construction company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.88 billion. Aecom had a return on equity of 9.86% and a net margin of 0.72%. During the same period in the previous year, the business earned $0.78 earnings per share. On average, analysts expect that Aecom will post 2.67 EPS for the current fiscal year.

In other Aecom news, insider Lara Poloni sold 1,607 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $32.49, for a total transaction of $52,211.43. Following the sale, the insider now directly owns 2,288 shares in the company, valued at $74,337.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.74% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC acquired a new position in shares of Aecom in the second quarter worth $185,000. Paloma Partners Management Co acquired a new position in shares of Aecom in the second quarter worth $242,000. Raymond James & Associates raised 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 worth $263,000 after acquiring an additional 2,044 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of Aecom in the second quarter worth $300,000. Finally, ING Groep NV acquired a new position in shares of Aecom in the second quarter worth $342,000. 84.37% of the stock is owned by institutional investors.

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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