Today’s Stock On Watch: Aecom (NYSE:ACM) on Focus After Report of More Shorts

November 23, 2016 - By Richard Conner   ·   0 Comments

Today's Stock On Watch: Aecom (NYSE:ACM) on Focus After Report of More Shorts

The stock of Aecom (NYSE:ACM) registered an increase of 8.47% in short interest. ACM’s total short interest was 7.73M shares in November as published by FINRA. Its up 8.47% from 7.12M shares, reported previously. With 1.15M shares average volume, it will take short sellers 7 days to cover their ACM’s short positions. The short interest to Aecom’s float is 5.07%. About 47,743 shares traded hands. Aecom (NYSE:ACM) has risen 21.34% since April 21, 2016 and is uptrending. It has outperformed by 16.01% the S&P500.

AECOM, formerly AECOM Technology Corporation, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The company has a market cap of $5.78 billion. The Firm provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services. It has a 60.95 P/E ratio. The Firm operates through three divisions: Design and Consulting Services (DCS), Construction Services (CS) and Management Services (MS).

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.15, from 1.33 in 2016Q1. The ratio dropped, as 23 funds sold all Aecom shares owned while 73 reduced positions. 37 funds bought stakes while 91 increased positions. They now own 127.23 million shares or 0.83% more from 126.18 million shares in 2016Q1.
Nj State Employees Deferred Compensation Plan holds 0.13% or 18,879 shares in its portfolio. Dreman Value Management L L C has 9,375 shares for 0.18% of their US portfolio. Bluemountain Ltd accumulated 0.07% or 88,580 shares. The Ohio-based Strs Ohio has invested 0.17% in Aecom (NYSE:ACM). Weaver C Barksdale And Associates accumulated 2,531 shares or 0.14% of the stock. Principal Financial Gp has invested 0.03% of its portfolio in Aecom (NYSE:ACM). Country Bank & Trust has invested 1.13% of its portfolio in Aecom (NYSE:ACM). First Mercantile Company last reported 2,850 shares in the company. Investment House Ltd Liability Corporation owns 29,365 shares or 0.15% of their US portfolio. Paloma Partners holds 0% of its portfolio in Aecom (NYSE:ACM) for 11,151 shares. Qs Investors Ltd Liability Co owns 121 shares or 0% of their US portfolio. Sunbelt Secs Incorporated owns 91 shares or 0% of their US portfolio. Caxton Assocs Limited Partnership last reported 0.29% of its portfolio in the stock. Goldman Sachs Group Incorporated Incorporated holds 0.01% or 740,251 shares in its portfolio. Moreover, Highbridge Cap Ltd Llc has 0% invested in Aecom (NYSE:ACM) for 7,336 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 11 selling transactions for $8.14 million net activity. Shares for $188,100 were sold by Donnelly Michael John. The insider Burke Michael S sold $1.65M. The insider Tishman Daniel R. sold $598,872. Another trade for 8,000 shares valued at $252,371 was made by Werner Frederick W on Wednesday, June 15.

Aecom (NYSE:ACM) Ratings Coverage

Out of 8 analysts covering Aecom Technology (NYSE:ACM), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Aecom Technology has been the topic of 16 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained Aecom (NYSE:ACM) on Tuesday, November 15 with “Hold” rating. DA Davidson reinitiated it with “Neutral” rating and $38 target price in Wednesday, August 10 report. The rating was maintained by Argus Research on Tuesday, August 18 with “Buy”. The company was initiated on Friday, November 13 by Citigroup. Credit Suisse maintained Aecom (NYSE:ACM) rating on Wednesday, August 12. Credit Suisse has “Outperform” rating and $36 price target. The firm has “Buy” rating given on Thursday, March 10 by Sterne Agee CRT. BB&T Capital downgraded Aecom (NYSE:ACM) on Monday, March 21 to “Hold” rating. The rating was maintained by Deutsche Bank with “Buy” on Monday, August 22. Argus Research maintained Aecom (NYSE:ACM) rating on Monday, November 23. Argus Research has “Buy” rating and $38 price target. The rating was upgraded by Argus Research to “Buy” on Tuesday, November 15.

ACM Company Profile

AECOM, formerly AECOM Technology Corporation, incorporated on January 31, 1980, designs, builds, finances and operates infrastructure assets for governments, businesses and organizations around the world. The Firm provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology (IT) services. The Firm operates through three divisions: Design and Consulting Services (DCS), Construction Services (CS) and Management Services (MS). The Company’s clients consist primarily of national, state, regional and local governments, public and private institutions, and firms. In addition, the Company formed AECOM Capital, an investment fund to invest in public-private partnership (P3) and private-sector real estate projects for which it provides an integrated solution that includes equity capital, design, engineering and construction services.

More important recent Aecom (NYSE:ACM) news were published by: Wsj.com which released: “Aecom Not Waiting for Trump Bump In Construction” on November 14, 2016, also Latimes.com published article titled: “CEO of Aecom, builder of Rams’ stadium, sees big business in Trump’s …”, Fool.com published: “Why AECOM Technology Stock Spiked 14.8% Today” on November 14, 2016. More interesting news about Aecom (NYSE:ACM) was released by: Bizjournals.com and their article: “​Aecom prepares for President-elect Trump’s infrastructure policies” with publication date: November 21, 2016.

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By Richard Conner


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