Primecap Management Co. CA Cuts Stock Holdings in AECOM $ACM

Primecap Management Co. CA reduced its stake in AECOM (NYSE:ACM) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,563,252 shares of the construction company’s stock after selling 585,478 shares during the quarter. Primecap Management Co. CA owned about 7.22% of AECOM worth $1,079,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ACM. Hantz Financial Services Inc. grew its position in AECOM by 604.6% in the second quarter. Hantz Financial Services Inc. now owns 458 shares of the construction company’s stock worth $52,000 after acquiring an additional 393 shares in the last quarter. Brookstone Capital Management bought a new stake in AECOM during the second quarter worth about $219,000. Goldman Sachs Group Inc. boosted its holdings in shares of AECOM by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,080,814 shares of the construction company’s stock worth $100,224,000 after purchasing an additional 36,804 shares in the last quarter. Boston Partners increased its position in shares of AECOM by 7.6% during the 2nd quarter. Boston Partners now owns 115,593 shares of the construction company’s stock valued at $13,047,000 after purchasing an additional 8,161 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of AECOM during the 2nd quarter valued at about $272,000. Hedge funds and other institutional investors own 85.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACM. Barclays increased their price target on shares of AECOM from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. UBS Group upped their price target 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. Citigroup lifted their price objective on AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, October 20th. National Bank Financial began coverage on AECOM in a report on Wednesday, October 8th. They set an “outperform” rating and a $151.00 target price for the company. Finally, Bank of America boosted their price objective on AECOM from $112.50 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $137.30.

AECOM Stock Performance

Shares of ACM opened at $127.06 on Wednesday. The company has a 50-day simple moving average of $130.92 and a two-hundred day simple moving average of $120.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $16.83 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. AECOM has a one year low of $85.00 and a one year high of $135.52.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, November 18th. The construction company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. AECOM had a return on equity of 27.87% and a net margin of 3.82%.The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter last year, the business posted $1.27 EPS. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. AECOM has set its FY 2026 guidance at 5.650-5.850 EPS. On average, analysts anticipate that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Wednesday, January 7th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from AECOM’s previous quarterly dividend of $0.26. AECOM’s payout ratio is currently 22.66%.

AECOM Company 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.