Primecap Management Co. CA Sells 404,306 Shares of AECOM (NYSE:ACM)

Primecap Management Co. CA decreased its position in AECOM (NYSE:ACM) by 3.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,021,913 shares of the construction company’s stock after selling 404,306 shares during the period. Primecap Management Co. CA owned about 0.10% of AECOM worth $1,147,751,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in AECOM by 5.2% in the 2nd quarter. Renaissance Technologies LLC now owns 327,077 shares of the construction company’s stock valued at $28,829,000 after acquiring an additional 16,100 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in shares of AECOM during the 2nd quarter worth approximately $5,807,000. Stoneridge Investment Partners LLC bought a new stake in shares of AECOM during the 2nd quarter worth approximately $513,000. Meeder Advisory Services Inc. raised its stake in shares of AECOM by 16.0% during the 2nd quarter. Meeder Advisory Services Inc. now owns 2,813 shares of the construction company’s stock worth $248,000 after purchasing an additional 389 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of AECOM by 67.8% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 808,192 shares of the construction company’s stock worth $71,897,000 after purchasing an additional 326,423 shares in the last quarter. Institutional investors own 85.41% of the company’s stock.

AECOM Stock Up 0.6 %

ACM opened at $98.40 on Tuesday. AECOM has a 1-year low of $74.40 and a 1-year high of $102.26. The stock’s fifty day simple moving average is $93.44 and its 200 day simple moving average is $92.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The stock has a market cap of $13.39 billion, a PE ratio of -1,093.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17.

AECOM (NYSE:ACM) last posted its quarterly earnings results on Monday, August 5th. The construction company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. AECOM had a return on equity of 24.14% and a net margin of 1.61%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $0.94 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, research analysts expect that AECOM will post 4.46 earnings per share for the current year.

AECOM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, October 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Wednesday, October 2nd. AECOM’s dividend payout ratio is -977.78%.

Analyst Ratings Changes

ACM has been the topic of a number of analyst reports. KeyCorp upped their price objective on AECOM from $94.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Citigroup dropped their price objective on AECOM from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Barclays upped their price objective on AECOM from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada upped their price objective on AECOM from $112.00 to $113.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on AECOM from $96.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, AECOM currently has a consensus rating of “Buy” and an average target price of $105.00.

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.