Jupiter Topco LLC Makes New Investment in Arcosa, Inc. $ACA

Key Points

• Jupiter Topco LLC acquired 26,387 Arcosa shares worth approximately $3.8 million, while several other institutions also initiated positions; institutional investors collectively own 90.66% of the company.
• Arcosa reported quarterly EPS of $1.13, below the $1.18 consensus estimate, while revenue fell 10.6% year over year to $658.7 million, missing expectations.
• Analysts have broadly turned more cautious, with Arcosa carrying a consensus “Hold” rating and an average price target of $141.25, below its reported share price of $145.44.

Jupiter Topco LLC purchased a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 26,387 shares of the company's stock, valued at approximately $3,832,000. Jupiter Topco LLC owned approximately 0.05% of Arcosa as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACA. Kintayl Capital LP purchased a new position in Arcosa in the second quarter worth $1,996,000. Ancora Advisors LLC purchased a new stake in shares of Arcosa during the 2nd quarter valued at $6,929,000. Castleark Management LLC acquired a new stake in shares of Arcosa in the 2nd quarter worth $2,047,000. Legal & General Group Plc acquired a new stake in shares of Arcosa in the 2nd quarter worth $16,591,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Arcosa during the 2nd quarter worth $30,955,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Stock Performance

Shares of ACA stock opened at $145.44 on Wednesday. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. 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 business has a fifty day moving average of $145.09 and a 200 day moving average of $128.05. Arcosa, Inc. has a 1 year low of $89.03 and a 1 year high of $146.92.

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

Analysts Set New Price Targets

A number of research firms have commented on ACA. Texas Capital cut Arcosa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Citigroup lowered Arcosa to a "hold" rating in a research note on Tuesday, June 23rd. Oppenheimer downgraded shares of Arcosa from an "outperform" rating to a "market perform" rating in a report on Friday, June 26th. Zacks Research raised shares of Arcosa from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of Arcosa from a "sell" rating to a "hold" rating in a research note on Saturday, May 30th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Arcosa presently has a consensus rating of "Hold" and a consensus price target of $141.25.

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.

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