AECOM
In the published model solve dated 2026-Q2, anchored at $59.60, AECOM (ACM) is priced for +7.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• AECOM sells hours rather than assets, and how the work is contracted matters more than how much of it there is: 38% of revenue comes on cost-reimbursable terms where the client carries cost variance, 37% of revenue under guaranteed-maximum-price arrangements, and 25% of revenue on fixed price where an estimating error is the contractor's problem. • The gap between reported profit and collected cash is the live risk, with about $410 million of free cash flow emerging from $1.02 billion of trail
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598 institutional managers reported holding ACM in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 47%. 90 opened new positions that quarter. Held by BlackRock, Vanguard Group, PRIMECAP Management, among others. On the short side, 6.3M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ACM has cut its share count 11.9% over the past five years, spending $2.28B on repurchases. It pays a dividend, and has for 4 years running, raised 3 years straight. Cash returned over the past three years: $349.48M in dividends and $1.54B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ACM over the trailing three years: 2026: 1 buy totaling $298k. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ACM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-10 | -4.2% | +8.6% |
| 2023-08-10 | -1.3% | -5.5% |
| 2024-02-08 | -1.9% | +7.9% |
| 2024-05-08 | -1.7% | -9.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ACM's latest 8-K filings: 2026-09-17 (items 8.01, 9.01); 2026-09-16 (items 5.02); 2026-08-10 (items 2.02, 9.01); 2026-06-11 (items 1.01, 2.03, 9.01); 2026-06-03 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.