Primecap Management Co. CA Sells 585,478 Shares of AECOM $ACM

Primecap Management Co. CA reduced its position in shares of AECOM (NYSE:ACM) by 5.8% in the second quarter, Holdings Channel reports. The firm owned 9,563,252 shares of the construction company’s stock after selling 585,478 shares during the quarter. Primecap Management Co. CA owned 0.07% of AECOM worth $1,079,309,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of AECOM by 124.1% during the second quarter. Empowered Funds LLC now owns 31,970 shares of the construction company’s stock valued at $3,608,000 after buying an additional 17,704 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of AECOM by 409.7% in the second quarter. Rothschild Investment LLC now owns 6,015 shares of the construction company’s stock worth $679,000 after acquiring an additional 4,835 shares during the period. Duff & Phelps Investment Management Co. lifted its position in AECOM by 39.3% during the second quarter. Duff & Phelps Investment Management Co. now owns 118,114 shares of the construction company’s stock valued at $13,330,000 after purchasing an additional 33,304 shares during the period. Raiffeisen Bank International AG purchased a new stake in AECOM in the second quarter worth approximately $593,000. Finally, Integrated Quantitative Investments LLC bought a new stake in AECOM in the 2nd quarter worth approximately $963,000. 85.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACM. Bank of America upped 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. Citigroup raised their price objective on shares of AECOM from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Wall Street Zen cut shares of AECOM from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. National Bank Financial started coverage on AECOM in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $151.00 price objective for the company. Finally, KeyCorp lifted their target price on AECOM from $131.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $137.30.

AECOM Stock Down 3.7%

NYSE ACM opened at $127.06 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.91. AECOM has a 12 month low of $85.00 and a 12 month high of $135.52. The stock’s 50 day moving average is $130.92 and its 200 day moving average is $120.10. The stock has a market cap of $16.83 billion, a PE ratio of 27.68, a P/E/G ratio of 1.96 and a beta of 1.06.

AECOM (NYSE:ACM) last released its earnings results on Tuesday, November 18th. The construction company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. AECOM had a net margin of 3.82% and a return on equity of 27.87%. The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. AECOM has set its FY 2026 guidance at 5.650-5.850 EPS. Research analysts predict that AECOM will post 5.1 EPS for the current fiscal year.

AECOM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Wednesday, January 7th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 7th. This is a positive change from AECOM’s previous quarterly dividend of $0.26. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. AECOM’s dividend payout ratio (DPR) is 22.66%.

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.