Is Buying Aecom (NYSE:ACM), Having Higher Short Interest a Winning Strategy?

June 20, 2017 - By Peter Erickson

 Is Buying Aecom (NYSE:ACM), Having Higher Short Interest a Winning Strategy?

Investors sentiment decreased to 1.07 in 2016 Q4. Its down 0.11, from 1.18 in 2016Q3. It is negative, as 32 investors sold Aecom shares while 96 reduced holdings. 54 funds opened positions while 83 raised stakes. 126.04 million shares or 3.04% less from 129.98 million shares in 2016Q3 were reported.
Morgan Stanley reported 0.01% of its portfolio in Aecom (NYSE:ACM). Thrivent Fincl For Lutherans invested in 0% or 26,310 shares. Nationwide Fund has 275,122 shares for 0.04% of their portfolio. Ww Investors owns 1.00 million shares. Crestpoint Cap Ltd has invested 0.41% in Aecom (NYSE:ACM). Moreover, Federated Pa has 0.01% invested in Aecom (NYSE:ACM). Mason Street Advisors Ltd Limited Liability Company reported 0.07% in Aecom (NYSE:ACM). State Of New Jersey Common Pension Fund D has 1.58M shares. Peoples holds 15 shares or 0% of its portfolio. Gotham Asset Management Ltd holds 0.05% of its portfolio in Aecom (NYSE:ACM) for 110,692 shares. Voya Inv Ltd Liability holds 0% of its portfolio in Aecom (NYSE:ACM) for 47,997 shares. Bnp Paribas Arbitrage owns 74,723 shares. 822,977 are owned by Renaissance Ltd Liability. Stevens Management L P invested 0.1% of its portfolio in Aecom (NYSE:ACM). Moreover, Of Vermont has 0% invested in Aecom (NYSE:ACM).

Since January 3, 2017, it had 0 insider purchases, and 4 selling transactions for $3.52 million activity. 9,599 Aecom (NYSE:ACM) shares with value of $332,125 were sold by Christofferson Carla J. 44,928 shares valued at $1.67M were sold by Werner Frederick W on Tuesday, January 3. Shares for $350,064 were sold by Rudd Troy. Burke Michael S also sold $1.17 million worth of Aecom (NYSE:ACM) shares.

The stock of Aecom (NYSE:ACM) registered an increase of 0.51% in short interest. ACM’s total short interest was 5.39M shares in June as published by FINRA. Its up 0.51% from 5.37M shares, reported previously. With 1.24 million shares average volume, it will take short sellers 4 days to cover their ACM’s short positions.

It closed at $32.76 lastly. It is down 3.75% since June 20, 2016 and is uptrending. It has underperformed by 12.95% the S&P500.

AECOM is engaged in designing, building, financing and operating infrastructure assets for governments, businesses and organizations. The company has market cap of $5.13 billion. The Company’s divisions include design and consulting services , construction services (CS) and management services (MS). It has a 23.05 P/E ratio. The Company’s 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.

Aecom (NYSE:ACM) Ratings Coverage

Among 10 analysts covering Aecom Technology (NYSE:ACM), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Aecom Technology had 21 analyst reports since August 12, 2015 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, November 15 report. The firm has “Neutral” rating by Robert W. Baird given on Friday, April 7. BB&T Capital downgraded the stock to “Hold” rating in Monday, March 21 report. Deutsche Bank downgraded the shares of ACM in report on Thursday, January 12 to “Hold” rating. The rating was initiated by Sterne Agee CRT with “Buy” on Thursday, March 10. The firm has “Outperform” rating given on Wednesday, August 12 by Credit Suisse. On Monday, November 23 the stock rating was maintained by Argus Research with “Buy”. The company was maintained on Tuesday, August 18 by Argus Research. The firm earned “Buy” rating on Tuesday, November 15 by Argus Research. The firm has “Neutral” rating by DA Davidson given on Wednesday, August 10.

More notable recent Aecom (NYSE:ACM) news were published by: Prnewswire.com which released: “United Nations Disaster Resilience Scorecard, Developed by AECOM and IBM …” on May 23, 2017, also Therealdeal.com with their article: “AECOM Tishman taking on another Waterline Square building” published on May 24, 2017, Nasdaq.com published: “AECOM (ACM) Down 2.9% Since Earnings Report: Can It Rebound?” on June 14, 2017. More interesting news about Aecom (NYSE:ACM) were released by: Kansascity.com and their article: “Mayor James still studying AECOM offer to bid on KCI terminal plan” published on May 26, 2017 as well as Kansascity.com‘s news article titled: “No-bid bidding war? Counterproposal comes in for Kansas City airport” with publication date: May 25, 2017.

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