Goldman Sachs Group Inc. Acquires 13,986 Shares of AECOM (NYSE:ACM)

Goldman Sachs Group Inc. raised its holdings in shares of AECOM (NYSE:ACM) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 431,875 shares of the construction company’s stock after acquiring an additional 13,986 shares during the period. Goldman Sachs Group Inc. owned approximately 0.32% of AECOM worth $39,918,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ACM. Norges Bank bought a new stake in AECOM in the fourth quarter valued at about $159,060,000. Findlay Park Partners LLP raised its position in shares of AECOM by 21.8% in the 4th quarter. Findlay Park Partners LLP now owns 2,088,383 shares of the construction company’s stock valued at $193,029,000 after acquiring an additional 374,250 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AECOM by 868.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,554 shares of the construction company’s stock worth $11,921,000 after acquiring an additional 128,728 shares during the last quarter. Pinnbrook Capital Management LP acquired a new position in AECOM during the fourth quarter valued at approximately $10,168,000. Finally, Point72 Hong Kong Ltd bought a new stake in AECOM in the fourth quarter valued at approximately $8,276,000. Institutional investors and hedge funds own 85.41% of the company’s stock.

AECOM Price Performance

NYSE:ACM opened at $89.78 on Friday. The company has a market cap of $12.22 billion, a P/E ratio of -997.44, a P/E/G ratio of 1.24 and a beta of 1.21. The firm’s fifty day moving average price is $90.23 and its two-hundred day moving average price is $91.05. AECOM has a one year low of $74.40 and a one year high of $98.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06.

AECOM (NYSE:ACM) last issued its quarterly earnings data on Monday, May 6th. The construction company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.01). The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $1.80 billion. AECOM had a positive return on equity of 22.73% and a negative net margin of 0.09%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.92 earnings per share. Equities analysts expect that AECOM will post 4.49 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, July 3rd. AECOM’s payout ratio is -977.67%.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of AECOM from $105.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Robert W. Baird increased their target price on AECOM from $104.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. KeyCorp upped their price target on AECOM from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Citigroup boosted their price objective on shares of AECOM from $107.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $113.00 target price (up previously from $106.00) on shares of AECOM in a research report on Wednesday, May 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $107.25.

Insider Transactions at AECOM

In related news, Director Douglas Stotlar sold 7,179 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $93.51, for a total value of $671,308.29. Following the transaction, the director now directly owns 34,667 shares in the company, valued at $3,241,711.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

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.