Greenland Capital Management LP Invests $1.45 Million in Arcosa, Inc. $ACA

Key Points

• Greenland Capital Management acquired 10,000 Arcosa shares worth approximately $1.45 million during the second quarter. Institutional investors collectively own 90.66% of the company.
• Analyst sentiment is currently neutral: Arcosa has a consensus “Hold” rating and an average price target of $141.25, below its reported share price of $145.55.
• Arcosa missed quarterly expectations, reporting $1.13 in EPS and $658.7 million in revenue, with revenue down 10.6% year over year. The company also declared a quarterly dividend of $0.05 per share.

Greenland Capital Management LP acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,000 shares of the company's stock, valued at approximately $1,453,000.

Several other large investors also recently added to or reduced their stakes in the stock. Castleark Management LLC boosted its holdings in shares of Arcosa by 53.9% in the first quarter. Castleark Management LLC now owns 74,650 shares of the company's stock valued at $7,923,000 after purchasing an additional 26,150 shares during the period. First Nebraska Trust Co purchased a new position in Arcosa during the 1st quarter worth $746,000. Deutsche Bank AG purchased a new position in Arcosa during the 2nd quarter worth $9,137,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Arcosa during the 2nd quarter worth $1,055,000. Finally, Principal Financial Group Inc. raised its position in Arcosa by 13.7% during the 1st quarter. Principal Financial Group Inc. now owns 266,113 shares of the company's stock valued at $28,245,000 after purchasing an additional 32,164 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ACA. Citigroup downgraded Arcosa to a "hold" rating in a research report on Tuesday, June 23rd. Texas Capital lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Oppenheimer cut shares of Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Stephens set a $150.00 target price on shares of Arcosa in a research report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $141.25.

Arcosa Stock Up 0.1%

Shares of NYSE ACA opened at $145.55 on Monday. Arcosa, Inc. has a 12-month low of $89.03 and a 12-month high of $146.92. The stock's fifty day simple moving average is $145.14 and its two-hundred day simple moving average is $128.44. The stock has a market capitalization of $7.15 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). The company had revenue of $658.70 million during the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The company's revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 earnings per share. As a group, analysts expect that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, October 15th. Arcosa's payout ratio is 2.00%.

About Arcosa

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.

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