Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Construction Partners, Inc. (NASDAQ:ROAD)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 60,497 shares of the company's stock, valued at approximately $5,352,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Construction Partners at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ROAD. Barclays PLC grew its holdings in shares of Construction Partners by 109.5% in the 3rd quarter. Barclays PLC now owns 101,463 shares of the company's stock worth $7,082,000 after acquiring an additional 53,026 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Construction Partners by 400.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 541 shares of the company's stock valued at $48,000 after purchasing an additional 433 shares in the last quarter. KBC Group NV grew its stake in Construction Partners by 49.5% in the fourth quarter. KBC Group NV now owns 2,118 shares of the company's stock valued at $187,000 after purchasing an additional 701 shares in the last quarter. Washington University purchased a new position in Construction Partners in the fourth quarter valued at about $3,452,000. Finally, Calamos Advisors LLC lifted its position in shares of Construction Partners by 5.8% in the fourth quarter. Calamos Advisors LLC now owns 33,390 shares of the company's stock worth $2,954,000 after buying an additional 1,827 shares during the last quarter. Institutional investors own 94.83% of the company's stock.

Insiders Place Their Bets

In other news, SVP John L. Harper sold 6,000 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $73.83, for a total transaction of $442,980.00. Following the completion of the sale, the senior vice president now owns 159,389 shares of the company's stock, valued at $11,767,689.87. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Fred Julius Smith III purchased 9,333 shares of the company's stock in a transaction on Monday, April 14th. The stock was purchased at an average cost of $73.83 per share, for a total transaction of $689,055.39. Following the purchase, the chief executive officer now directly owns 9,333 shares in the company, valued at approximately $689,055.39. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.36% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ROAD shares. Robert W. Baird boosted their price target on Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Raymond James lowered their price target on Construction Partners from $104.00 to $100.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, April 29th.

Construction Partners Price Performance

Shares of ROAD stock traded up $1.43 during trading hours on Tuesday, hitting $105.06. The company had a trading volume of 201,995 shares, compared to its average volume of 448,477. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 98.09, a PEG ratio of 0.99 and a beta of 0.87. Construction Partners, Inc. has a 12 month low of $51.63 and a 12 month high of $108.43. The firm's fifty day moving average is $86.60 and its 200 day moving average is $85.65. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.23 and a current ratio of 1.54.

Construction Partners (NASDAQ:ROAD - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.12. Construction Partners had a return on equity of 11.94% and a net margin of 2.82%. The business had revenue of $571.65 million for the quarter, compared to analyst estimates of $559.61 million. During the same period in the prior year, the company earned ($0.02) EPS. Construction Partners's revenue for the quarter was up 53.9% on a year-over-year basis. On average, sell-side analysts predict that Construction Partners, Inc. will post 1.96 EPS for the current fiscal year.

Construction Partners Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.