Arcosa, Inc. $ACA Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP increased its Arcosa stake by 284.9% in the second quarter, bringing its holdings to 11,111 shares valued at approximately $1.6 million. Institutional investors and hedge funds own 90.66% of Arcosa’s outstanding stock.
• Analyst sentiment is mixed, with several firms downgrading the stock to “Hold” while Weiss Ratings upgraded it to “Buy.” Arcosa has a consensus rating of “Hold” and an average price target of $141.25.
• Arcosa’s latest quarterly results fell short of expectations, with EPS of $1.13 and revenue of $658.7 million, down 10.6% year over year. The company also declared a quarterly dividend of $0.05 per share, representing a 0.1% yield.

Corient Private Wealth LP grew its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 284.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,111 shares of the company's stock after acquiring an additional 8,224 shares during the quarter. Corient Private Wealth LP's holdings in Arcosa were worth $1,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Castleark Management LLC raised its holdings in Arcosa by 53.9% in the 1st quarter. Castleark Management LLC now owns 74,650 shares of the company's stock valued at $7,923,000 after acquiring an additional 26,150 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Arcosa during the 2nd quarter worth $9,137,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Arcosa in the second quarter worth $1,055,000. First Nebraska Trust Co bought a new position in shares of Arcosa in the first quarter worth $746,000. Finally, Greenland Capital Management LP acquired a new position in Arcosa in the second quarter valued at about $1,453,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ACA shares. Texas Capital downgraded shares of Arcosa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Oppenheimer downgraded shares of Arcosa from an "outperform" rating to a "market perform" rating in a research report on Friday, June 26th. Citigroup cut Arcosa to a "hold" rating in a research note on Tuesday, June 23rd. Zacks Research raised Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Finally, Weiss Ratings upgraded Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $141.25.

Arcosa Stock Up 0.0%

NYSE:ACA opened at $146.53 on Friday. The firm's 50 day simple moving average is $145.34 and its 200 day simple moving average is $131.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. Arcosa, Inc. has a one year low of $89.03 and a one year high of $146.92. The company has a market cap of $7.20 billion, a PE ratio of 14.68, a P/E/G ratio of 2.20 and a beta of 1.07.

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

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Arcosa's dividend payout ratio (DPR) is currently 2.00%.

Arcosa Profile

Arcosa, Inc NYSE: ACA is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.

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