Russell Investments Group Ltd. Trims Stake 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. reduced its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 36.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ACA. Banque Cantonale Vaudoise bought a new stake in shares of Arcosa in the 1st quarter worth approximately $28,000. Versant Capital Management Inc boosted its position in shares of Arcosa by 81.5% in the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company's stock worth $62,000 after purchasing an additional 361 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Arcosa by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $82,000 after purchasing an additional 738 shares in the last quarter. SouthState Corp bought a new stake in shares of Arcosa in the 1st quarter worth approximately $163,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Arcosa in the 4th quarter worth approximately $221,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Arcosa Stock Down 0.9%

ACA stock traded down $0.9230 during midday trading on Monday, hitting $98.3970. The company's stock had a trading volume of 195,485 shares, compared to its average volume of 327,878. The company has a market cap of $4.83 billion, a PE ratio of 52.34 and a beta of 1.01. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The company has a current ratio of 2.12, a quick ratio of 1.35 and a debt-to-equity ratio of 0.67. The firm's 50-day moving average is $90.23 and its 200-day moving average is $86.47.

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

Insider Buying and Selling at Arcosa

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the sale, the insider directly owned 19,769 shares in the company, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the sale, the insider owned 12,551 shares of the company's stock, valued at approximately $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,582 shares of company stock worth $1,903,406. Insiders own 1.20% 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.