Charles Schwab Investment Management Inc. Has $49.47 Million Position in Arcosa, Inc. $ACA

Key Points

• Charles Schwab Investment Management Inc. decreased its stake in Arcosa, Inc. by 2.6% during the 1st quarter, selling 17,456 shares and now holding 641,419 shares, valued at approximately $49.47 million.
• DA Davidson raised its price target for Arcosa from $110.00 to $120.00, maintaining a "buy" rating on the stock.
• Arcosa reported earnings per share of $1.27 for the last quarter, exceeding analysts' estimates of $1.05, with revenue of $736.90 million, a 10.9% increase compared to the prior year.

Charles Schwab Investment Management Inc. cut its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 641,419 shares of the company's stock after selling 17,456 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.32% of Arcosa worth $49,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Arcosa in the first quarter valued at $28,000. Versant Capital Management Inc boosted its holdings in Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after acquiring an additional 361 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 738 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Arcosa in the fourth quarter valued at about $221,000. Finally, QRG Capital Management Inc. boosted its holdings in Arcosa by 12.7% in the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock valued at $245,000 after acquiring an additional 357 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Arcosa Trading Down 0.4%

ACA traded down $0.35 during midday trading on Thursday, reaching $95.16. 238,951 shares of the company were exchanged, compared to its average volume of 322,151. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The stock has a market capitalization of $4.67 billion, a P/E ratio of 50.62 and a beta of 1.01. The stock's 50-day simple moving average is $89.70 and its 200 day simple moving average is $86.74.

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

Insiders Place Their Bets

In other news, insider Jesse E. Jr. Collins sold 8,616 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total transaction of $744,422.40. Following the sale, the insider owned 12,551 shares of the company's stock, valued at $1,084,406.40. This trade represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,582 shares of company stock worth $1,903,406. Insiders own 2.00% of the company's stock.

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.