Orchard Capital Management LLC Invests $3.96 Million in Arcosa, Inc. $ACA

Orchard Capital Management LLC purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 27,260 shares of the company’s stock, valued at approximately $3,961,000. Arcosa accounts for 3.9% of Orchard Capital Management LLC’s investment portfolio, making the stock its 6th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Arcosa by 20.6% in the first quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock worth $642,000 after purchasing an additional 1,423 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Arcosa in the first quarter worth approximately $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Arcosa by 11.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock worth $11,047,000 after acquiring an additional 14,723 shares during the last quarter. Jane Street Group LLC boosted its holdings in Arcosa by 193.8% during the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock valued at $8,116,000 after acquiring an additional 69,427 shares during the period. Finally, American Century Companies Inc. grew its position in Arcosa by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after acquiring an additional 181 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Price Performance

Shares of ACA stock opened at $145.23 on Friday. Arcosa, Inc. has a twelve month low of $89.03 and a twelve month high of $146.92. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.18 and a beta of 1.05. The stock has a fifty day simple moving average of $143.86 and a two-hundred day simple moving average of $126.90. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The firm had revenue of $658.70 million for the quarter, compared to the consensus estimate of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.Arcosa’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS. On average, analysts predict that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACA. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Stephens set a $150.00 price objective on shares of Arcosa in a report on Thursday, August 6th. Barclays boosted their price objective on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Citigroup lowered shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Arcosa currently has a consensus rating of “Hold” and an average target price of $141.25.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is a Dallas?based industrial company that was formed through the spin?off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready?mix concrete.