Deutsche Bank AG Sells 37,799 Shares of Arcosa, Inc. $ACA

Deutsche Bank AG decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 50.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,784 shares of the company’s stock after selling 37,799 shares during the period. Deutsche Bank AG owned 0.08% of Arcosa worth $2,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACA. Oberweis Asset Management Inc. bought a new position in Arcosa in the fourth quarter worth approximately $19,638,000. Bank of America Corp DE boosted its holdings in Arcosa by 197.7% in the fourth quarter. Bank of America Corp DE now owns 282,061 shares of the company’s stock worth $27,287,000 after acquiring an additional 187,306 shares in the last quarter. Raymond James Financial Inc. bought a new position in Arcosa in the fourth quarter worth approximately $15,919,000. Voya Investment Management LLC boosted its holdings in Arcosa by 930.7% in the fourth quarter. Voya Investment Management LLC now owns 177,993 shares of the company’s stock worth $17,219,000 after acquiring an additional 160,724 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Arcosa by 32.9% in the fourth quarter. First Trust Advisors LP now owns 592,394 shares of the company’s stock worth $57,308,000 after acquiring an additional 146,711 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Arcosa Price Performance

NYSE:ACA opened at $97.1180 on Wednesday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 51.66 and a beta of 1.01. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The stock has a fifty day moving average of $89.42 and a 200 day moving average of $86.71. 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 (NYSE:ACA) last posted 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 company had revenue of $736.90 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.91 earnings per share. Arcosa has set its FY 2025 guidance at EPS. On average, research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Arcosa news, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the sale, the insider owned 19,769 shares of the company’s stock, valued at $1,893,277.13. The trade was a 28.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total value of $744,422.40. Following the sale, the insider directly owned 12,551 shares of the company’s stock, valued at approximately $1,084,406.40. This trade represents a 40.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,582 shares of company stock valued at $1,903,406 over the last 90 days. Insiders own 1.20% of the company’s stock.

About Arcosa

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.