Hsbc Holdings PLC Acquires 7,532 Shares of Arcosa, Inc. $ACA

Key Points

• Hsbc Holdings PLC increased its stake in Arcosa, Inc. by 107.6%, acquiring an additional 7,532 shares, bringing its total holdings to 14,535 shares valued at approximately $1.12 million.
• Arcosa reported a 10.9% year-over-year revenue growth for the last quarter, with earnings per share (EPS) of $1.27, surpassing estimates of $1.05.
• Analysts have given Arcosa a consensus rating of "Buy" with an average target price of $112.00, reflecting positive market sentiment.

Hsbc Holdings PLC grew its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 107.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,535 shares of the company's stock after acquiring an additional 7,532 shares during the quarter. Hsbc Holdings PLC's holdings in Arcosa were worth $1,116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Banque Cantonale Vaudoise purchased a new position in shares of Arcosa in the first quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock worth $62,000 after buying an additional 361 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $82,000 after buying an additional 738 shares during the last quarter. SouthState Corp purchased a new position in shares of Arcosa in the first quarter worth approximately $163,000. Finally, QRG Capital Management Inc. boosted its holdings in shares of Arcosa by 12.7% in the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock worth $245,000 after buying an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity

In other 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 sale, the insider owned 38,089 shares in the company, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa 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 sale, the insider owned 19,769 shares in the company, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their position. 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 quarter. Insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

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

Arcosa Stock Performance

NYSE ACA traded down $1.34 on Wednesday, reaching $95.21. 71,615 shares of the stock were exchanged, compared to its average volume of 289,923. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The firm has a market capitalization of $4.67 billion, a PE ratio of 50.64 and a beta of 1.00. The company's 50-day simple moving average is $91.66 and its two-hundred day simple moving average is $86.47. The company has a current ratio of 2.12, a quick ratio of 1.35 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 (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.22. The firm had revenue of $736.90 million for the quarter, compared to analysts' expectations 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 quarter last year, the business posted $0.91 earnings per share. Arcosa has set its FY 2025 guidance at EPS. Analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

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.