Aecom Sees Unusually High Options Volume (NYSE:ACM)

Aecom (NYSE:ACM) was the target of unusually large options trading activity on Tuesday. Traders acquired 1,963 call options on the stock. This is an increase of approximately 2,553% compared to the typical daily volume of 74 call options.

Shares of ACM traded down $0.44 during midday trading on Thursday, reaching $36.50. 675,443 shares of the stock were exchanged, compared to its average volume of 901,614. Aecom has a twelve month low of $24.83 and a twelve month high of $38.20. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $35.44. The stock has a market capitalization of $5.78 billion, a P/E ratio of 13.62 and a beta of 1.75.

Aecom (NYSE:ACM) last released its earnings results on Wednesday, May 8th. The construction company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Aecom had a return on equity of 10.08% and a net margin of 1.34%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. Research analysts expect that Aecom will post 2.78 EPS for the current year.

Several research firms have recently weighed in on ACM. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a report on Monday, April 29th. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Deutsche Bank restated a “buy” rating and set a GBX 4,000 ($52.27) target price on shares of in a research report on Tuesday, June 18th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Credit Suisse Group downgraded shares of to a “neutral” rating and increased their price target for the company from GBX 2,250 ($29.40) to GBX 2,360 ($30.84) in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $36.75.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC raised its position in shares of Aecom by 33.6% during the fourth quarter. Pzena Investment Management LLC now owns 3,240,077 shares of the construction company’s stock worth $85,862,000 after purchasing an additional 815,398 shares during the period. Gotham Asset Management LLC raised its position in shares of Aecom by 1,013.6% during the fourth quarter. Gotham Asset Management LLC now owns 397,081 shares of the construction company’s stock worth $10,523,000 after purchasing an additional 361,422 shares during the period. Millennium Management LLC raised its position in shares of Aecom by 77.1% during the fourth quarter. Millennium Management LLC now owns 723,681 shares of the construction company’s stock worth $19,178,000 after purchasing an additional 315,027 shares during the period. BlackRock Inc. raised its position in shares of Aecom by 1.9% during the first quarter. BlackRock Inc. now owns 13,593,426 shares of the construction company’s stock worth $403,316,000 after purchasing an additional 254,349 shares during the period. Finally, Vanguard Group Inc raised its position in shares of Aecom by 1.5% during the third quarter. Vanguard Group Inc now owns 14,139,854 shares of the construction company’s stock worth $461,808,000 after purchasing an additional 204,643 shares during the period. 86.75% of the stock is currently owned by hedge funds and other institutional investors.

Aecom Company Profile

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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