Paralel Advisors LLC Makes New Investment in Arcosa, Inc. $ACA

Key Points

• Paralel Advisors LLC has acquired a new stake in Arcosa, Inc. valued at approximately $3 million, currently holding about 0.07% of the company.
• Amid changes in ownership, 90.66% of Arcosa's stock is owned by institutional investors, indicating strong institutional backing.
• Arcosa's latest earnings report showed a net margin of 3.45% with earnings per share of $0.60, alongside a quarterly dividend announcement of $0.05 per share.

Paralel Advisors LLC bought a new stake in 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 (SEC). The fund bought 34,642 shares of the company's stock, valued at approximately $3,004,000. Paralel Advisors LLC owned about 0.07% of Arcosa at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in Arcosa by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after purchasing an additional 738 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Arcosa during the first quarter worth $550,000. Principal Financial Group Inc. increased its stake in shares of Arcosa by 2.7% in the first quarter. Principal Financial Group Inc. now owns 242,878 shares of the company's stock valued at $18,731,000 after buying an additional 6,335 shares in the last quarter. Huntleigh Advisors Inc. raised its holdings in shares of Arcosa by 16.7% in the first quarter. Huntleigh Advisors Inc. now owns 5,392 shares of the company's stock valued at $416,000 after buying an additional 771 shares during the last quarter. Finally, Xponance Inc. lifted its position in Arcosa by 4.3% during the 1st quarter. Xponance Inc. now owns 3,654 shares of the company's stock worth $282,000 after buying an additional 149 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ACA shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Arcosa in a report on Wednesday, October 8th. Zacks Research lowered shares of Arcosa from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. Finally, DA Davidson raised their price objective on shares of Arcosa from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.00.

Insider Transactions at Arcosa

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the sale, the insider directly owned 19,769 shares in the company, valued at $1,893,277.13. This represents a 28.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa 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 in the company, valued at $3,771,572.78. This trade represents a 9.50% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Arcosa Stock Performance

Shares of NYSE:ACA opened at $92.27 on Thursday. The firm's 50 day simple moving average is $94.96 and its 200 day simple moving average is $88.90. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 49.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35.

Arcosa (NYSE:ACA - Get Free Report) last issued its earnings results on Wednesday, August 17th. The company reported $0.60 EPS for the quarter. The firm had revenue of $515.10 million during the quarter. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. As a group, sell-side analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa's payout ratio is currently 10.64%.

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.

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