Invesco Ltd. Lowers Position in Arcosa, Inc. $ACA

Key Points

• Invesco Ltd. reduced its stake in Arcosa, Inc. by 5.7% during the first quarter, owning 167,717 shares worth $12,934,000 after selling 10,058 shares.
• Analysts have rated Arcosa with an average "Buy" rating, with DA Davidson increasing the target price from $110.00 to $120.00.
• Arcosa recently reported earnings of $1.27 per share, exceeding estimates, but fell short of revenue expectations, with $736.90 million reported against $754.20 million anticipated.

Invesco Ltd. decreased its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,717 shares of the company's stock after selling 10,058 shares during the period. Invesco Ltd. owned 0.34% of Arcosa worth $12,934,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Arcosa by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,257 shares of the company's stock valued at $560,000 after acquiring an additional 189 shares during the last quarter. Pacific Capital Partners Ltd bought a new position in shares of Arcosa in the 1st quarter valued at about $6,748,000. Banque Cantonale Vaudoise bought a new position in shares of Arcosa in the 1st quarter valued at about $28,000. GSA Capital Partners LLP bought a new position in shares of Arcosa in the 1st quarter valued at about $878,000. Finally, TCW Group Inc. lifted its holdings in shares of Arcosa by 10.9% in the 1st quarter. TCW Group Inc. now owns 50,630 shares of the company's stock valued at $3,905,000 after acquiring an additional 4,957 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, insider Bryan Stevenson sold 4,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value 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 filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider directly owned 12,551 shares in the company, valued at $1,084,406.40. This represents 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. Company insiders own 2.00% of the company's stock.

Arcosa Trading Down 0.1%

ACA stock traded down $0.14 during trading on Friday, hitting $99.02. The company had a trading volume of 296,458 shares, compared to its average volume of 316,059. The firm has a market capitalization of $4.86 billion, a P/E ratio of 52.67 and a beta of 1.01. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a 50 day simple moving average of $91.24 and a 200-day simple moving average of $86.60. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.05 by $0.22. The company had revenue of $736.90 million for the quarter, compared to the consensus estimate of $754.20 million. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. Arcosa has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

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.