Deutsche Bank AG Sells 37,799 Shares of Arcosa, Inc. $ACA

Key Points

• Deutsche Bank AG significantly reduced its stake in Arcosa, Inc. by selling 37,799 shares, bringing their total holdings to 37,784 shares, valued at approximately $2.91 million.
• Several institutional investors, including Bank of America and Voya Investment Management, made substantial increases in their investments in Arcosa during the fourth quarter, indicating increased interest in the company.
• DA Davidson raised its target price for Arcosa from $110.00 to $120.00, maintaining a 'buy' rating, signaling positive sentiment among analysts regarding the company's growth potential.

Deutsche Bank AG lessened its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 50.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,784 shares of the company's stock after selling 37,799 shares during the quarter. Deutsche Bank AG owned about 0.08% of Arcosa worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACA. LPL Financial LLC increased its position in Arcosa by 13.7% in the 4th quarter. LPL Financial LLC now owns 8,797 shares of the company's stock valued at $851,000 after acquiring an additional 1,057 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Arcosa by 6.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,312 shares of the company's stock valued at $1,578,000 after purchasing an additional 986 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Arcosa in the 4th quarter valued at about $15,919,000. Barclays PLC boosted its stake in shares of Arcosa by 5.1% in the 4th quarter. Barclays PLC now owns 85,929 shares of the company's stock valued at $8,313,000 after purchasing an additional 4,147 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Arcosa by 6.8% in the 4th quarter. NewEdge Advisors LLC now owns 18,273 shares of the company's stock valued at $1,768,000 after purchasing an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Trading Down 0.9%

Arcosa stock traded down $0.9230 during midday trading on Monday, hitting $98.3970. 195,485 shares of the stock were exchanged, compared to its average volume of 327,878. The company has a fifty day simple moving average of $90.23 and a two-hundred day simple moving average of $86.47. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The stock has a market capitalization of $4.83 billion, a PE ratio of 52.34 and a beta of 1.01. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67.

Arcosa (NYSE:ACA - Get Free Report) last released 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. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The business had revenue of $736.90 million for the quarter, compared to analyst estimates of $754.20 million. During the same quarter last year, the firm earned $0.91 EPS. Arcosa's quarterly revenue was up 10.9% compared to the same quarter last year. Arcosa has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the transaction, the insider owned 38,089 shares of the company's stock, valued at $3,771,572.78. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa 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 directly owned 12,551 shares in the company, valued at $1,084,406.40. The trade was a 40.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,582 shares of company stock valued at $1,903,406 in the last 90 days. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.