Man Group plc bought a new position in Arcosa, Inc. (NYSE:ACA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 123,343 shares of the company's stock, valued at approximately $17,921,000. Man Group plc owned approximately 0.25% of Arcosa at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in Arcosa by 20.6% in the first quarter. AQR Capital Management LLC now owns 8,326 shares of the company's stock worth $642,000 after buying an additional 1,423 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Arcosa during the 1st quarter valued at $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Arcosa by 11.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company's stock valued at $11,047,000 after acquiring an additional 14,723 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Arcosa by 193.8% during the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company's stock worth $8,116,000 after acquiring an additional 69,427 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Arcosa by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company's stock worth $1,100,000 after acquiring an additional 181 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Weiss Ratings raised Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Citigroup lowered Arcosa to a "hold" rating in a research report on Tuesday, June 23rd. Barclays lifted their price target on Arcosa from $115.00 to $140.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Stephens set a $150.00 price objective on Arcosa in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Arcosa from a "sell" rating to a "hold" rating in a research note on Saturday, May 30th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Arcosa currently has an average rating of "Hold" and an average target price of $141.25.
Check Out Our Latest Report on Arcosa
Arcosa Trading Up 0.2%
NYSE ACA opened at $145.51 on Friday. Arcosa, Inc. has a twelve month low of $89.03 and a twelve month high of $146.92. 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 stock has a market cap of $7.15 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.18 and a beta of 1.05. The firm's 50 day moving average price is $144.88 and its two-hundred day moving average price is $127.68.
Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.05). The business had revenue of $658.70 million during 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%. Arcosa's revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.27 EPS. Equities analysts anticipate that Arcosa, Inc. will post 4.16 EPS for the current year.
Arcosa Company Profile
(
Free Report)
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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