Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 13.50MM shares of Aecom (ACM). This represents 9.7% of the company.
In their previous filing dated February 1, 2022 they reported 11.76MM shares and 8.30% of the company, an increase in shares of 14.82% and an increase in total ownership of 1.40% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 7.76% Upside
As of February 6, 2023, the average one-year price target for Aecom is $95.09. The forecasts range from a low of $90.90 to a high of $102.90. The average price target represents an increase of 7.76% from its latest reported closing price of $88.24.
The projected annual revenue for Aecom is $14,009MM, an increase of 5.62%. The projected annual EPS is $3.72, an increase of 54.51%.
Fund Sentiment
There are 856 funds or institutions reporting positions in Aecom. This is an increase of 21 owner(s) or 2.51%.
Average portfolio weight of all funds dedicated to US:ACM is 0.3158%, an increase of 7.5842%. Total shares owned by institutions decreased in the last three months by 0.17% to 140,672K shares.
What are large shareholders doing?
Primecap Management holds 19,189,841 shares representing 13.81% ownership of the company. In it's prior filing, the firm reported owning 19,398,916 shares, representing a decrease of 1.09%. The firm increased its portfolio allocation in ACM by 12.26% over the last quarter.
Starboard Value holds 6,974,316 shares representing 5.02% ownership of the company. In it's prior filing, the firm reported owning 7,024,945 shares, representing a decrease of 0.73%. The firm increased its portfolio allocation in ACM by 25.91% over the last quarter.
Alliancebernstein holds 6,955,347 shares representing 5.01% ownership of the company. In it's prior filing, the firm reported owning 7,059,637 shares, representing a decrease of 1.50%. The firm increased its portfolio allocation in ACM by 9.48% over the last quarter.
Pictet Asset Management holds 5,597,512 shares representing 4.03% ownership of the company. In it's prior filing, the firm reported owning 5,473,012 shares, representing an increase of 2.22%. The firm increased its portfolio allocation in ACM by 14.37% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 4,843,115 shares representing 3.49% ownership of the company. In it's prior filing, the firm reported owning 5,013,061 shares, representing a decrease of 3.51%. The firm increased its portfolio allocation in ACM by 9.99% over the last quarter.
Aecom Declares $0.18 Dividend
Aecom said on November 17, 2022 that its board of directors declared a regular quarterly dividend of $0.18 per share ($0.72 annualized). Shareholders of record as of January 3, 2023 received the payment on January 20, 2023. Previously, the company paid $0.15 per share.
At the current share price of $88.24 / share, the stock's dividend yield is 0.82%. Looking back five years and taking a sample every week, the average dividend yield has been 0.81%, the lowest has been 0.68%, and the highest has been 0.95%. The standard deviation of yields is 0.06 (n=51).
The current dividend yield is 0.04 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.25. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
AECOM Background Information
(This description is provided by the company.)
AECOM is built to deliver a better world. AECOM designs, builds, finances and operates critical infrastructure assets for governments, businesses and organisations. As a fully integrated firm, AECOM connects knowledge and experience across its global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, AECOM's work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $20.2 billion during fiscal year 2018.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
