Boston Partners Sells 109,855 Shares of Arcosa, Inc. $ACA

Key Points

• Boston Partners reduced its stock holdings in Arcosa, Inc. by 64.5%, owning 60,532 shares valued at approximately $4.67 million after selling 109,855 shares in the first quarter.
• Insider Kerry S. Cole sold 7,966 shares of Arcosa stock for a total of approximately $762,903.82, reducing his position by 28.72%.
• Analyst DA Davidson raised Arcosa's price target from $110.00 to $120.00, maintaining a "buy" rating for the company.

Boston Partners trimmed its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 64.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,532 shares of the company's stock after selling 109,855 shares during the period. Boston Partners owned about 0.12% of Arcosa worth $4,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACA. Nuveen LLC acquired a new stake in Arcosa in the 1st quarter worth $33,982,000. Capital International Investors grew its position in Arcosa by 42.5% in the 4th quarter. Capital International Investors now owns 888,559 shares of the company's stock worth $85,959,000 after purchasing an additional 265,056 shares during the last quarter. Oberweis Asset Management Inc. acquired a new stake in Arcosa in the 4th quarter worth $19,638,000. Bank of America Corp DE grew its position in Arcosa by 197.7% in the 4th quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock worth $27,287,000 after purchasing an additional 187,306 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Arcosa in the 4th quarter worth $15,919,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arcosa

In other news, insider Kerry S. Cole sold 7,966 shares of the company'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 transaction, the insider directly owned 19,769 shares in the company, valued at approximately $1,893,277.13. This 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 Jesse E. Jr. Collins sold 8,616 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total transaction of $744,422.40. Following 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 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 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Arcosa Price Performance

Shares of Arcosa stock traded up $3.89 during trading on Friday, hitting $99.03. 43,452 shares of the company's stock traded hands, compared to its average volume of 290,925. The company has a market cap of $4.86 billion, a PE ratio of 52.79 and a beta of 1.01. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month 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. The firm's fifty day moving average price is $89.70 and its 200 day moving average price is $86.74.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.22. The firm had revenue of $736.90 million for the quarter, compared to analyst estimates of $754.20 million. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Arcosa has set its FY 2025 guidance at EPS. Analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

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.