PRIMECAP Management Co. Maintains Large AECOM Stake
Ticker: ACM · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 868857
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G, holdings-update
TL;DR
**PRIMECAP still holds a huge chunk of AECOM, signaling institutional confidence.**
AI Summary
PRIMECAP Management Company, a major institutional investor, has updated its holdings in AECOM, an engineering services company. As of December 31, 2023, PRIMECAP beneficially owns 14,009,719 shares of AECOM, with sole voting power over 13,545,493 shares. This filing, an Amendment No. 8 to their Schedule 13G, indicates a significant, but not necessarily new, stake in AECOM, signaling continued confidence from a large institutional investor. For shareholders, this means a major player is maintaining a substantial position, which can be a positive signal of long-term value.
Why It Matters
This filing shows a significant institutional investor, PRIMECAP Management Company, continues to hold a substantial position in AECOM, which can be interpreted as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This filing is an amendment showing an institutional investor's holdings, which generally carries low risk for current or prospective shareholders.
Analyst Insight
Investors should note that a major institutional investor, PRIMECAP Management Company, continues to hold a substantial position in AECOM, which could be a sign of long-term confidence, but this filing alone doesn't indicate a change in their investment thesis.
Key Numbers
- 14,009,719 — Total Shares Beneficially Owned (Represents PRIMECAP Management Company's total stake in AECOM as of December 31, 2023.)
- 13,545,493 — Sole Voting Power Shares (Indicates the number of shares PRIMECAP Management Company can vote independently.)
Key Players & Entities
- PRIMECAP Management Company (company) — the reporting person and institutional investor
- AECOM (company) — the subject company whose shares are being reported
- 14,009,719 (dollar_amount) — total shares beneficially owned by PRIMECAP
- 13,545,493 (dollar_amount) — shares over which PRIMECAP has sole voting power
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- PRIMECAP Management Company will maintain a significant stake in AECOM for the foreseeable future. (PRIMECAP Management Company) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is PRIMECAP Management Company, located at 177 East Colorado Blvd., 11th Floor, Pasadena, CA 91105, with IRS Identification No. 95-3868081.
What is the name of the issuer whose securities are being reported?
The issuer is AECOM, an engineering services company with CIK 0000868857, located at 13355 Noel Road, Suite 400, Dallas, TX 75240.
As of what date did the event requiring this filing occur?
The event requiring this filing occurred on December 31, 2023, as stated on the cover page of the Schedule 13G.
How many shares of AECOM does PRIMECAP Management Company have sole dispositive power over?
PRIMECAP Management Company has sole dispositive power over 14,009,719 shares of AECOM, as indicated in item 7 of the cover page.
What type of filing is this, and what does the 'A' signify?
This is an SC 13G/A filing. The 'A' signifies that it is an amendment (Amendment No. 8) to a previously filed Schedule 13G, updating the information provided in prior filings.
Filing Stats: 930 words · 4 min read · ~3 pages · Grade level 8.6 · Accepted 2024-02-12 16:01:10
Filing Documents
- acma8_21224.htm (SC 13G/A) — 25KB
- 0001085146-24-001081.txt ( ) — 27KB
(a)
ITEM 1(a). NAME OF ISSUER: AECOM
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 13355 Noel Road, Suite 400, Dallas, TX 75240
(a)
ITEM 2(a). NAME OF PERSON FILING: PRIMECAP Management Company
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 177 E. Colorado Blvd., 11th Floor, Pasadena, CA 91105
(c)
ITEM 2(c). CITIZENSHIP: U.S.A.
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: COM
(e)
ITEM 2(e). CUSIP NUMBER: 00766T100 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 14,009,719 (b) Percent of class: 10.3% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: PRIMECAP Management Company: 13,545,493 (ii) shared power to vote or to direct the vote: PRIMECAP Management Company: 0 (iii) sole power to dispose or direct the disposition of: PRIMECAP Management Company: 14,009,719 (iv) shared power to dispose or to direct the disposition of: PRIMECAP Management Company: 0 ITEM 5. If this statement is being filed to report the fact that as of the dat