Kintayl Capital LP Buys Shares of 13,735 Arcosa, Inc. $ACA

Key Points

• Kintayl Capital bought 13,735 Arcosa shares worth approximately $2.0 million in the second quarter, while institutional investors and hedge funds collectively own 90.66% of the stock.
• Analyst sentiment is mixed but leans neutral: Arcosa has a consensus “Hold” rating from seven analysts, with an average price target of $141.25.
• Arcosa’s latest quarterly results missed expectations, with earnings per share of $1.13 versus $1.18 expected and revenue down 10.6% year over year to $658.7 million.

Kintayl Capital LP purchased a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,735 shares of the company's stock, valued at approximately $1,996,000.

A number of other large investors also recently modified their holdings of ACA. BlackRock Inc. bought a new stake in shares of Arcosa during the second quarter valued at about $1,222,486,000. Dimensional Fund Advisors LP increased its stake in Arcosa by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company's stock valued at $246,976,000 after buying an additional 13,059 shares during the period. Capital International Investors raised its position in shares of Arcosa by 0.7% during the 4th quarter. Capital International Investors now owns 2,244,231 shares of the company's stock worth $238,607,000 after buying an additional 15,956 shares in the last quarter. State Street Corp raised its position in shares of Arcosa by 1.9% during the 4th quarter. State Street Corp now owns 1,948,344 shares of the company's stock worth $207,148,000 after buying an additional 36,852 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Arcosa by 25.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock worth $181,583,000 after acquiring an additional 342,242 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Arcosa from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Texas Capital downgraded Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Oppenheimer lowered Arcosa from an "outperform" rating to a "market perform" rating in a research note on Friday, June 26th. Weiss Ratings upgraded Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday. Finally, Citigroup downgraded Arcosa to a "hold" rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Arcosa presently has a consensus rating of "Hold" and an average price target of $141.25.

Arcosa Stock Up 0.1%

Shares of NYSE:ACA opened at $145.38 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The company has a market cap of $7.14 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. Arcosa, Inc. has a 52 week low of $89.03 and a 52 week high of $146.92. The firm has a 50 day simple moving average of $144.45 and a 200 day simple moving average of $127.36.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings data 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). Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The firm had revenue of $658.70 million for the quarter, compared to analysts' expectations of $687.50 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company's revenue for the quarter was down 10.6% on a year-over-year basis. As a group, research analysts expect that Arcosa, Inc. will post 4.16 earnings per share for the current year.

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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