Algert Global LLC Trims Stock Position in Arcosa, Inc. $ACA

Key Points

• Algert Global LLC has significantly reduced its stake in Arcosa, Inc. by 80.8%, selling 48,250 shares during the first quarter and now holding 11,489 shares worth approximately $886,000.
• Insiders, including Jesse E. Jr. Collins and Kerry S. Cole, have sold a combined total of 20,582 shares of Arcosa stock in the past 90 days, indicating a decrease in their positions.
• Arcosa reported an EPS of $1.27, exceeding the consensus estimate, although its revenue of $736.90 million fell short of analysts' expectations of $754.20 million for the quarter.

Algert Global LLC cut its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 80.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,489 shares of the company's stock after selling 48,250 shares during the period. Algert Global LLC's holdings in Arcosa were worth $886,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Arcosa by 6.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,312 shares of the company's stock worth $1,578,000 after purchasing an additional 986 shares during the period. MetLife Investment Management LLC increased its stake in Arcosa by 4.6% during the 4th quarter. MetLife Investment Management LLC now owns 29,292 shares of the company's stock worth $2,834,000 after buying an additional 1,293 shares during the period. Tower Research Capital LLC TRC increased its stake in Arcosa by 102.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,326 shares of the company's stock worth $515,000 after buying an additional 2,699 shares during the period. Dark Forest Capital Management LP purchased a new stake in Arcosa during the 4th quarter worth approximately $221,000. Finally, Voya Investment Management LLC increased its stake in Arcosa by 930.7% during the 4th quarter. Voya Investment Management LLC now owns 177,993 shares of the company's stock worth $17,219,000 after buying an additional 160,724 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Arcosa news, insider Jesse E. Jr. Collins sold 8,616 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the completion of the transaction, the insider owned 12,551 shares in the company, valued at $1,084,406.40. The trade was a 40.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kerry S. Cole sold 7,966 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the transaction, the insider owned 19,769 shares of the company's stock, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,582 shares of company stock worth $1,903,406 in the last 90 days. Corporate insiders own 2.00% of the company's stock.

Arcosa Trading Up 4.1%

NYSE ACA opened at $99.0670 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The stock has a market capitalization of $4.86 billion, a PE ratio of 52.70 and a beta of 1.01. The firm has a 50 day moving average of $89.97 and a two-hundred day moving average of $86.61.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.05 by $0.22. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The company had revenue of $736.90 million during the quarter, compared to analysts' expectations of $754.20 million. During the same quarter in the previous year, the business posted $0.91 EPS. The firm's revenue was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. As a group, research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson upped their target price on shares of Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Arcosa presently has a consensus rating of "Buy" and a consensus target price of $112.00.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.

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