Public Sector Pension Investment Board Boosts Stock Position in Arcosa, Inc. (NYSE:ACA)

Key Points

• The Public Sector Pension Investment Board increased its stake in Arcosa, Inc. by 27.3%, owning approximately 0.32% of the company, valued at $11.93 million.
• Arcosa's stock showed a price increase of 4.0% recently, reaching $99.31 with a current market cap of $4.87 billion.
• Analysts have recently upgraded Arcosa's target price from $110.00 to $120.00, indicating a positive outlook for the company.

Public Sector Pension Investment Board boosted its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 27.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,725 shares of the company's stock after purchasing an additional 33,168 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Arcosa worth $11,932,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Pacific Capital Partners Ltd acquired a new position in Arcosa during the first quarter worth $6,748,000. SG Americas Securities LLC boosted its holdings in Arcosa by 267.7% during the 1st quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock worth $844,000 after acquiring an additional 7,972 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after purchasing an additional 738 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Arcosa by 8.1% during the first quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company's stock valued at $16,406,000 after purchasing an additional 15,968 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arcosa by 16.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 128,521 shares of the company's stock valued at $12,433,000 after purchasing an additional 17,958 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction that occurred 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. This trade represents a 28.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bryan Stevenson sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the completion of the transaction, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,582 shares of company stock worth $1,903,406 in the last ninety days. 2.00% of the stock is owned by insiders.

Arcosa Stock Performance

Shares of NYSE ACA traded down $0.45 during trading on Friday, reaching $96.67. 284,938 shares of the stock traded hands, compared to its average volume of 294,682. The company has a 50-day moving average of $88.99 and a 200-day moving average of $86.87. The stock has a market capitalization of $4.74 billion, a P/E ratio of 51.42 and a beta of 1.01. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.22. The company had revenue of $736.90 million for the quarter, compared to analysts' expectations of $754.20 million. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. Arcosa's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. Analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson increased their price target on Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Monday.

Arcosa Company Profile

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.