A company insider recently sold 6,498 shares of AECOM [ACM]. Should You Sale?


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AECOM shares valued at $539,986 were sold by Poloni Lara on Jan 09. At $83.10 per share, Poloni Lara sold 6,498 shares. The insider’s holdings dropped to 73,351 shares worth approximately $6.45 million following the completion of this transaction.

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Also, Battley Todd sold 2,800 shares, netting a total of over 235,088 in proceeds. Following the sale of shares at $83.96 each, the insider now holds 16,295 shares.

Before that, Rudd Troy had sold 139,308 shares from its account. In a trade valued at $11,494,093, the CHIEF EXECUTIVE OFFICER traded AECOM shares for $82.51 each. Upon closing the transaction, the insider’s holdings decreased to 139,308 shares, worth approximately $16.1 million.

As published in a research note from Credit Suisse on January 12, 2023, AECOM [ACM] has been rated up from a Neutral to an Outperform and the price target has been revised to $98. This represents a 10.32% premium over Wednesday’s closing price. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in late April. As of November 05, 2019, Deutsche Bank has increased its “Hold” rating to a “Buy” for ACM. Earlier on October 14, 2019, BofA/Merrill upgraded its rating. Their new recommendation was “a Buy” for ACM stock which previously was a “a Neutral”.

Analyzing ACM Stock Performance

On Wednesday, AECOM [NYSE: ACM] rose 1.77% to $87.89. The stock’s lowest price that day was $86.37, but it reached a high of $88.39 in the same session. During the last five days, there has been a drop of approximately -0.29%. Over the course of the year, AECOM shares have jumped approximately 3.49%. Shares of the company reached a 52-week high of $92.16 on 02/16/23 and a 52-week low of $80.83 on 01/06/23. A 50-day SMA is recorded $86.49, while a 200-day SMA reached $75.95. Nevertheless, trading volume fell to 1.5 million shares from 1.12 million shares the previous day.

Support And Resistance Levels for AECOM (ACM)

According to the 24-hour chart, there is a support level at 86.71, which, if violated, would cause prices to drop to 85.53. In the upper region, resistance lies at 88.73. The next price resistance is at 89.57. RSI (Relative Strength Index) is 50.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.90, which suggests the price will decrease in the coming days. Percent R is at 71.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is AECOM subject to short interest?

Stocks of AECOM saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.43 million shares to 2.04 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 1.61 million shares. A jump of 21.08% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.25 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.25.

Which companies own the most shares of AECOM (ACM)?

According to PRIMECAP Management Co. filings, the company currently owns 17,589,671 shares, which is about 12.69% of the total ACM shares outstanding. The investor’s shares have plunged by -1,600,170 from its previous 13-F filing of 19189841.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,150,560,000. BlackRock Fund Advisors acquire a 6.83% interest valued at $1.0 billion while Starboard Value LP sold a -275,000 stake. A total of 182,331 shares of AECOM were sold by Pictet Asset Management SA during the quarter, and -1,321,404 were sold by AllianceBernstein LP. In its current portfolio, Barrow, Hanley, Mewhinney & Strau holds 4,564,880 shares valued at $398.38 million.

In terms of AECOM share price expectations, FactSet research, analysts set an average price target of $101.20 in the next 12 months, up nearly 17.53% from the previous closing price of $86.36. Analysts anticipate AECOM stock to reach $105.00 by 2023, with the lowest price target being $94.00. In spite of this, 12 analysts ranked AECOM stock as an Overweight at the end of 2023. On September 20, 2019, Argus assigned a price target of “a Buy” to the stock and upgraded coverage with a $44.


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