Goldman Sachs Group Inc. Has $100.22 Million Stock Position in AECOM $ACM

Key Points

• Goldman Sachs Group Inc. increased its stake in AECOM by 3.5%, now owning over 1 million shares valued at approximately $100 million.
• AECOM reported earnings of $1.34 EPS for the quarter, exceeding expectations and showing a 6.2% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.26, set to be paid on October 17th, reflecting a 0.8% annual yield.

Goldman Sachs Group Inc. raised its position in shares of AECOM (NYSE:ACM - Free Report) by 3.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,080,814 shares of the construction company's stock after buying an additional 36,804 shares during the quarter. Goldman Sachs Group Inc. owned 0.82% of AECOM worth $100,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MAI Capital Management acquired a new position in shares of AECOM in the first quarter worth about $28,000. TCTC Holdings LLC lifted its position in shares of AECOM by 120.3% in the first quarter. TCTC Holdings LLC now owns 304 shares of the construction company's stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of AECOM by 212.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 316 shares of the construction company's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of AECOM in the first quarter worth approximately $33,000. Finally, Private Trust Co. NA lifted its position in shares of AECOM by 37.2% in the first quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock worth $38,000 after purchasing an additional 112 shares in the last quarter. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Price Performance

Shares of NYSE ACM traded up $6.24 during midday trading on Thursday, reaching $133.13. 1,438,692 shares of the company traded hands, compared to its average volume of 926,598. The firm has a market cap of $17.63 billion, a PE ratio of 29.00, a PEG ratio of 1.88 and a beta of 0.99. The stock's 50-day simple moving average is $120.11 and its 200-day simple moving average is $108.66. AECOM has a 12 month low of $85.00 and a 12 month high of $133.78. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.17 and a current ratio of 1.17.

AECOM (NYSE:ACM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The construction company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $4.33 billion. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. AECOM has set its FY 2025 guidance at 5.200-5.300 EPS. As a group, equities analysts anticipate that AECOM will post 5.1 earnings per share for the current fiscal year.

AECOM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. AECOM's dividend payout ratio is currently 22.66%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a "buy" rating and set a $137.00 price objective (up previously from $122.00) on shares of AECOM in a research report on Monday, July 28th. UBS Group raised their price objective on shares of AECOM from $126.00 to $139.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of AECOM from a "buy" rating to a "hold" rating in a research report on Saturday, September 6th. Bank of America raised their price objective on shares of AECOM from $112.50 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Barclays raised their price objective on shares of AECOM from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $128.44.

Insider Activity

In other news, CEO Troy Rudd sold 53,097 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $119.56, for a total transaction of $6,348,277.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is currently owned by corporate insiders.

AECOM Profile

AECOM, together with its subsidiaries, provides professional infrastructure consulting services worldwide. It operates in three segments: Americas, International, and AECOM Capital. The company offers planning, consulting, architectural and engineering design, construction and program management, and investment and development services to public and private clients.