21,763 Shares in Arcosa, Inc. $ACA Bought by Paralel Advisors LLC

Key Points

• Paralel Advisors LLC initiated a 21,763-share position in Arcosa during the second quarter, valued at approximately $3.16 million. Institutional investors collectively own 90.66% of the company.
• Wall Street maintains a cautious outlook, with a consensus “Hold” rating from seven analysts and an average price target of $141.25, below the stock’s $145.43 opening price.
• Arcosa’s latest quarterly results missed expectations: earnings were $1.13 per share versus $1.18 estimated, while revenue fell 10.6% year over year to $658.7 million.

Paralel Advisors LLC bought a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,763 shares of the company's stock, valued at approximately $3,162,000.

A number of other institutional investors have also bought and sold shares of ACA. BlackRock Inc. acquired a new position in shares of Arcosa in the 2nd quarter valued at about $1,222,486,000. Dimensional Fund Advisors LP grew its stake in Arcosa by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company's stock worth $246,976,000 after purchasing an additional 13,059 shares during the period. Capital International Investors grew its stake in Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company's stock worth $238,607,000 after purchasing an additional 15,956 shares during the period. State Street Corp increased its holdings in Arcosa by 1.9% in the fourth quarter. State Street Corp now owns 1,948,344 shares of the company's stock worth $207,148,000 after purchasing an additional 36,852 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Arcosa by 25.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock worth $181,583,000 after purchasing an additional 342,242 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup cut Arcosa to a "hold" rating in a report on Tuesday, June 23rd. Stephens set a $150.00 price objective on shares of Arcosa in a research note on Thursday, August 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Arcosa in a research report on Friday, August 7th. Barclays increased their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Finally, Oppenheimer cut shares of Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $141.25.

Arcosa Stock Up 0.1%

ACA stock opened at $145.43 on Friday. The stock's 50 day simple moving average is $143.55 and its 200 day simple moving average is $126.77. The company has a market cap of $7.14 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. Arcosa, Inc. has a fifty-two week low of $89.03 and a fifty-two week high of $146.92.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). The firm had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company's revenue was down 10.6% on a year-over-year basis. During the same period last year, the business posted $1.27 EPS. On average, research analysts expect that Arcosa, Inc. will post 4.16 earnings per share for the current fiscal year.

Arcosa Profile

Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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