Arcosa, Inc. $ACA Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 19.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,130 shares of the company’s stock after acquiring an additional 990 shares during the quarter. Cetera Investment Advisers’ holdings in Arcosa were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Arcosa by 81.5% during the first quarter. Versant Capital Management Inc now owns 804 shares of the company’s stock worth $62,000 after buying an additional 361 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 during the last quarter. Dark Forest Capital Management LP bought a new position in Arcosa in the 4th quarter worth approximately $221,000. QRG Capital Management Inc. grew its holdings in Arcosa by 12.7% in the 1st quarter. QRG Capital Management Inc. now owns 3,178 shares of the company’s stock worth $245,000 after buying an additional 357 shares in the last quarter. Finally, Xponance Inc. boosted its stake in Arcosa by 4.3% during the 1st quarter. Xponance Inc. now owns 3,654 shares of the company’s stock valued at $282,000 after purchasing an additional 149 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson increased their target price on shares of Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 11th.

Arcosa Stock Performance

NYSE:ACA opened at $96.67 on Monday. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The firm has a 50 day moving average of $89.13 and a 200-day moving average of $86.67. 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 stock has a market capitalization of $4.74 billion, a P/E ratio of 51.42 and a beta of 1.01.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.22. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. The company had revenue of $736.90 million during the quarter, compared to analysts’ expectations of $754.20 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. Arcosa’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Insider Activity

In other news, insider Bryan Stevenson sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider owned 38,089 shares in the company, valued at $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $744,422.40. Following the sale, the insider directly owned 12,551 shares of the company’s stock, valued at $1,084,406.40. This represents a 40.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,582 shares of company stock worth $1,903,406. Insiders own 1.20% of the company’s stock.

Arcosa 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.