Primecap Management Co. CA Invests $613.34 Million in AECOM $ACM

Key Points

• Primecap Management initiated a $613.3 million AECOM position, purchasing 8.79 million shares and becoming the owner of approximately 6.83% of the company. Institutional investors collectively hold 85.41% of AECOM’s stock.
• AECOM shares opened at $62.75, down 3.4%, after the company reported a quarterly EPS loss of $0.50, missing estimates by $1.96, while revenue fell 14.2% year over year to $3.59 billion.
• Analyst sentiment remains a “Moderate Buy,” with an average price target of $89.58 despite several recent target reductions. AECOM also maintains a $0.31 quarterly dividend, representing a 2.0% annualized yield.

Primecap Management Co. CA purchased a new position in AECOM (NYSE:ACM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,787,043 shares of the construction company's stock, valued at approximately $613,336,000. Primecap Management Co. CA owned 6.83% of AECOM at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACM. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of AECOM by 86.7% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 280 shares of the construction company's stock valued at $27,000 after acquiring an additional 130 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in AECOM by 95.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 295 shares of the construction company's stock worth $28,000 after purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC increased its holdings in AECOM by 189.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 298 shares of the construction company's stock worth $34,000 after purchasing an additional 195 shares during the period. Intesa Sanpaolo Wealth Management bought a new stake in AECOM during the 4th quarter valued at $38,000. Finally, Western Wealth Management LLC bought a new stake in AECOM during the 1st quarter valued at $36,000. Institutional investors own 85.41% of the company's stock.

AECOM Stock Down 3.4%

Shares of NYSE ACM opened at $62.75 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $8.08 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The stock's fifty day simple moving average is $68.80 and its two-hundred day simple moving average is $78.68. AECOM has a 12-month low of $60.35 and a 12-month high of $135.52.

AECOM (NYSE:ACM - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The construction company reported ($0.50) EPS for the quarter, missing the consensus estimate of $1.46 by ($1.96). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $2.01 billion. AECOM had a return on equity of 19.72% and a net margin of 1.87%.The company's revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. AECOM has set its FY 2026 guidance at 3.950-4.150 EPS. As a group, analysts expect that AECOM will post 3.98 EPS for the current fiscal year.

AECOM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Wednesday, July 1st were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, July 1st. AECOM's payout ratio is 56.88%.

Insider Buying and Selling

In other news, President Lara Poloni bought 4,224 shares of AECOM stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $70.63 per share, for a total transaction of $298,341.12. Following the completion of the acquisition, the president owned 153,446 shares of the company's stock, valued at $10,837,890.98. This trade represents a 2.83% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.46% of the company's stock.

Wall Street Analysts Forecast Growth

ACM has been the topic of a number of recent research reports. Barclays dropped their price target on AECOM from $90.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 12th. Citigroup decreased their price objective on AECOM from $97.00 to $84.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. Weiss Ratings cut shares of AECOM from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. Truist Financial reissued a "buy" rating and set a $85.00 target price (down from $102.00) on shares of AECOM in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada reduced their price target on shares of AECOM from $105.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, August 13th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, AECOM has an average rating of "Moderate Buy" and an average target price of $89.58.

About AECOM

AECOM is a multinational infrastructure consulting firm that provides a broad range of professional technical and management services. Its core offerings include architecture and engineering design, program and construction management, environmental remediation and consulting, and operations and maintenance support. The company works across the full project lifecycle from planning and design through construction and long‑term asset management.

AECOM serves public- and private-sector clients in major built-environment markets, including transportation (roads, bridges, rail, airports), water and wastewater systems, buildings and places, energy and power, and environmental services.

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