Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Arcosa, Inc. $ACA

Key Points

• Mitsubishi UFJ Asset Management purchased 7,262 Arcosa shares worth approximately $1.06 million in the second quarter. Institutional investors and hedge funds collectively own 90.66% of ACA.
• Arcosa reported quarterly EPS of $1.13, below the $1.18 consensus estimate, while revenue of $658.7 million missed forecasts and fell 10.6% year over year.
• ACA recently traded near its 12-month high at $145.23, but analysts remain cautious: the stock has an average “Hold” rating and a $141.25 average price target.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,262 shares of the company's stock, valued at approximately $1,055,000.

A number of other institutional investors have also added to or reduced their stakes in ACA. Global Retirement Partners LLC bought a new position in Arcosa in the 2nd quarter valued at approximately $178,000. Bank of New York Mellon Corp bought a new stake in shares of Arcosa during the second quarter worth $50,804,000. Handelsbanken Fonder AB increased its holdings in shares of Arcosa by 8.0% during the second quarter. Handelsbanken Fonder AB now owns 14,800 shares of the company's stock worth $2,150,000 after buying an additional 1,100 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Arcosa during the second quarter worth $351,000. Finally, Fluent Financial LLC acquired a new position in shares of Arcosa during the second quarter worth $225,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Trading Down 0.1%

NYSE ACA opened at $145.23 on Friday. The business's 50-day moving average price is $143.86 and its two-hundred day moving average price is $126.90. Arcosa, Inc. has a 12 month low of $89.03 and a 12 month high of $146.92. The firm has a market capitalization of $7.13 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48.

Arcosa (NYSE:ACA - Get Free Report) last issued 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 company had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 EPS. On average, analysts expect that Arcosa, Inc. will post 4.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ACA shares. Citigroup downgraded Arcosa to a "hold" rating in a report on Tuesday, June 23rd. Stephens set a $150.00 target price on Arcosa in a report on Thursday, August 6th. Texas Capital downgraded Arcosa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Zacks Research upgraded Arcosa from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Arcosa in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $141.25.

Arcosa 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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