Russell Investments Group Ltd. Reduces Position in Arcosa, Inc. $ACA

Key Points

• Russell Investments Group Ltd. reduced its stake in Arcosa, Inc. by 36.1%, now holding 115,622 shares worth approximately $8.9 million.
• Several institutional investors increased their positions in Arcosa, including GAMMA Investing LLC, which boosted its holdings by 223% during the first quarter.
• Arcosa reported $1.27 EPS for the last quarter, beating estimates, with a year-over-year revenue increase of 10.9% at $736.9 million.

Russell Investments Group Ltd. lowered its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 36.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,622 shares of the company's stock after selling 65,191 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of Arcosa worth $8,917,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ACA. HighTower Advisors LLC increased its stake in shares of Arcosa by 10.9% in the 1st quarter. HighTower Advisors LLC now owns 80,844 shares of the company's stock worth $6,235,000 after acquiring an additional 7,928 shares in the last quarter. Pacific Capital Partners Ltd bought a new stake in Arcosa during the first quarter worth about $6,748,000. SG Americas Securities LLC grew its holdings in Arcosa by 267.7% in the first quarter. SG Americas Securities LLC now owns 10,950 shares of the company's stock worth $844,000 after purchasing an additional 7,972 shares during the period. GAMMA Investing LLC increased its stake in shares of Arcosa by 223.0% during the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after purchasing an additional 738 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Arcosa by 8.1% during the first quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company's stock valued at $16,406,000 after purchasing an additional 15,968 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Arcosa Stock Up 4.1%

Shares of ACA stock traded up $3.9270 during mid-day trading on Friday, hitting $99.0670. The company's stock had a trading volume of 310,017 shares, compared to its average volume of 323,994. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 52.70 and a beta of 1.01. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The business has a 50-day moving average price of $89.97 and a 200 day moving average price of $86.72.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.05 by $0.22. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. During the same period last year, the company earned $0.91 EPS. Arcosa's revenue for the quarter was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. Research analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson upped their price target on Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $112.00.

Insider Transactions at Arcosa

In related news, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total value of $744,422.40. Following the completion of the sale, the insider owned 12,551 shares of the company's stock, valued at $1,084,406.40. The trade was a 40.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kerry S. Cole sold 7,966 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the sale, the insider owned 19,769 shares of the company's stock, valued at approximately $1,893,277.13. This trade represents a 28.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,582 shares of company stock worth $1,903,406 in the last ninety days. Insiders own 2.00% of the company's stock.

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.