Arcosa, Inc. $ACA Shares Sold by Ancora Advisors LLC

Key Points

• Ancora Advisors cut its Arcosa stake by 44% in the second quarter, selling 37,415 shares and retaining 47,690 shares worth approximately $6.9 million. Institutional investors and hedge funds collectively own 90.66% of ACA.
• Analyst sentiment is mixed: three analysts rate Arcosa a Buy and four rate it Hold, resulting in an overall “Hold” rating and an average price target of $141.25.
• Arcosa shares opened at $145.44, near their 52-week high, despite the company missing quarterly earnings and revenue estimates; EPS was $1.13 and revenue fell 10.6% year over year to $658.7 million.

Ancora Advisors LLC trimmed its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 44.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,690 shares of the company's stock after selling 37,415 shares during the quarter. Ancora Advisors LLC owned about 0.10% of Arcosa worth $6,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Arcosa in the 2nd quarter valued at $1,222,486,000. Franklin Resources Inc. increased its stake in shares of Arcosa by 2,770.5% in the 4th quarter. Franklin Resources Inc. now owns 736,018 shares of the company's stock worth $78,253,000 after acquiring an additional 710,377 shares during the last quarter. Pentwater Capital Management LP purchased a new position in shares of Arcosa during the 2nd quarter worth $95,891,000. Norges Bank purchased a new position in Arcosa during the fourth quarter worth about $68,225,000. Finally, Bank of New York Mellon Corp acquired a new position in Arcosa in the 2nd quarter valued at about $50,804,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ACA. Stephens set a $150.00 price target on shares of Arcosa in a research note on Thursday, August 6th. Texas Capital lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Oppenheimer lowered Arcosa from an "outperform" rating to a "market perform" rating in a research report on Friday, June 26th. Wall Street Zen raised Arcosa from a "sell" rating to a "hold" rating in a research note on Saturday, May 30th. Finally, Weiss Ratings upgraded Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $141.25.

Arcosa Stock Up 0.1%

Shares of NYSE:ACA opened at $145.44 on Wednesday. Arcosa, Inc. has a fifty-two week low of $89.03 and a fifty-two week high of $146.92. The firm's 50 day moving average price is $145.09 and its 200 day moving average price is $128.05. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.07.

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

Arcosa Company 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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