Goldman Sachs Group Inc. Has $100.22 Million Stock Holdings 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. lifted its holdings in shares of AECOM (NYSE:ACM - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,080,814 shares of the construction company's stock after buying an additional 36,804 shares during the period. Goldman Sachs Group Inc. owned about 0.82% of AECOM worth $100,224,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new position in shares of AECOM during the 1st quarter worth about $256,000. Private Trust Co. NA raised its holdings in shares of AECOM by 37.2% in the 1st quarter. Private Trust Co. NA now owns 413 shares of the construction company's stock valued at $38,000 after purchasing an additional 112 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of AECOM by 3.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,790 shares of the construction company's stock valued at $722,000 after purchasing an additional 286 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of AECOM by 170.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,543 shares of the construction company's stock valued at $2,461,000 after purchasing an additional 16,718 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of AECOM by 32.7% in the 1st quarter. Brown Advisory Inc. now owns 3,956 shares of the construction company's stock valued at $367,000 after purchasing an additional 975 shares during the period. 85.41% of the stock is currently owned by institutional investors and hedge funds.

AECOM Stock Performance

Shares of ACM traded up $5.28 during mid-day trading on Thursday, hitting $132.17. 360,089 shares of the company's stock were exchanged, compared to its average volume of 976,740. AECOM has a 52 week low of $85.00 and a 52 week high of $132.45. The stock's 50-day simple moving average is $119.76 and its 200-day simple moving average is $108.41. The firm has a market cap of $17.51 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.91.

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

AECOM Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Activity at AECOM

In related news, CEO Troy Rudd sold 53,097 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $119.56, for a total transaction of $6,348,277.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company's stock.

About AECOM

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.