Deutsche Bank AG Invests $9.14 Million in Arcosa, Inc. $ACA

Key Points

• Deutsche Bank purchased a new $9.14 million stake in Arcosa during the second quarter, while institutional investors collectively owned 90.66% of the company.
• Analyst sentiment remains mixed, with Arcosa holding a consensus “Hold” rating and an average price target of $141.25; recent rating changes included both upgrades and downgrades.
• Arcosa’s shares opened at $145.23, near their 12-month high, despite the company missing quarterly earnings and revenue estimates. Quarterly revenue fell 10.6% year over year, while EPS declined to $1.13 from $1.27.

Deutsche Bank AG bought a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 62,889 shares of the company's stock, valued at approximately $9,137,000. Deutsche Bank AG owned 0.13% of Arcosa at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Franklin Resources Inc. boosted its position in Arcosa by 2,770.5% during the 4th quarter. Franklin Resources Inc. now owns 736,018 shares of the company's stock worth $78,253,000 after purchasing an additional 710,377 shares during the period. Norges Bank acquired a new stake in Arcosa in the 4th quarter valued at $68,225,000. Bank of New York Mellon Corp purchased a new position in Arcosa in the second quarter valued at about $50,804,000. T. Rowe Price Investment Management Inc. raised its position in Arcosa by 25.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock valued at $181,583,000 after purchasing an additional 342,242 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Arcosa by 80.5% during the second quarter. Bank of America Corp DE now owns 465,140 shares of the company's stock worth $40,332,000 after purchasing an additional 207,457 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analysts Set New Price Targets

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

Arcosa Stock Performance

Shares of ACA stock opened at $145.23 on Monday. Arcosa, Inc. has a 12 month low of $89.03 and a 12 month high of $146.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. The firm has a market capitalization of $7.13 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.18 and a beta of 1.05. The company's fifty day moving average price is $143.86 and its two-hundred day moving average price is $126.98.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). The firm had revenue of $658.70 million during the quarter, compared to analysts' expectations of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The business's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.27 earnings per share. On average, research analysts anticipate 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.

Want to see what other hedge funds are holding ACA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arcosa, Inc. (NYSE:ACA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source