Insider Trading in Action: Aecom (ACM)

Aecom (NYSE:ACM) insider has recently participated in insider trading activity. EVP, Chief Operating Officer, Royer James R sold 100 shares for $2,504 via one transaction Mar 19. Following the transaction, the insider now owns 362,037 shares in total, priced at $9,438,304.6 as of Wednesday. Another notable insider trading was done by the same insider on Feb 11. Kadenacy Stephen M acquired 16,175 shares at an average price of $23.34 for a total of $55,807. Moreover, GRIEGO LINDA M carried out a sale of 10,000 shares at $23.29 each on Feb 11. The transaction amounted to $232,874. President Kadenacy Stephen M sold 16,175 shares for $375,357 through one transaction Feb 11. Following this sale, this insider’s stake in the company comprises 55,807 shares, priced at $1,454,888.5 as of Wednesday.

The stock has experienced a total of 28 insider trades in the past three months. These trades include 17 sell activities and 11 buy trades. Furthermore, over the past 12 months, the stock was traded 59 times by insiders. In 47 of these trades, the insider was a seller while an employee of the company was the buyer in just 12 instances.

Aecom (ACM) on February 9, 2016 reported first-quarter revenue of $4.3 billion. Net loss and loss per share were $20 million and $0.13 in the first quarter, respectively. On an adjusted basis, diluted earnings per share1 was $0.68. Better than expected performance on the resolution of acquisition related project and legal matters had a net $0.07 impact on our adjusted earnings per share.

“Our performance is supported by our broadly diversified mix of geographies and end-markets, as well as our differentiated ability to design, build, finance and operate critical infrastructure assets around the world,” said Michael S. Burke, AECOM’s chairman and chief executive officer. “We are energized by the recent passage of a 5-year surface transportation bill in the U.S., and the opportunities resulting from an expansion of the services we deliver through our global footprint.”

“We are driving operational performance through our investments in the best people and most advanced systems in our industry,” said Stephen M. Kadenacy, AECOM’s president. “We are committed to delivering on our financial and operational objectives through consistent performance and execution.”

Wins in the quarter of $4.4 billion were driven primarily by the building construction business within the Construction Services segment. The book-to-burn ratio3 was over 1.0. The Company’s total backlog of $40.2 billion increased slightly from the prior quarter after adjusting for currency fluctuations.