Arcosa, Inc. $ACA Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its position in Arcosa, Inc. (NYSE:ACA) by 172.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,528 shares of the company’s stock after buying an additional 124,410 shares during the period. Van ECK Associates Corp owned approximately 0.40% of Arcosa worth $28,554,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACA. PNC Financial Services Group Inc. raised its position in Arcosa by 1.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,268 shares of the company’s stock worth $559,000 after buying an additional 90 shares during the last quarter. CWM LLC increased its stake in shares of Arcosa by 11.5% during the fourth quarter. CWM LLC now owns 923 shares of the company’s stock worth $98,000 after acquiring an additional 95 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Arcosa by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock worth $1,190,000 after acquiring an additional 100 shares during the period. Menard Financial Group LLC raised its holdings in Arcosa by 1.9% during the fourth quarter. Menard Financial Group LLC now owns 6,275 shares of the company’s stock worth $667,000 after purchasing an additional 117 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in Arcosa by 1.7% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,168 shares of the company’s stock worth $762,000 after purchasing an additional 117 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACA shares. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Stephens set a $150.00 price target on Arcosa in a research note on Thursday, August 6th. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings raised Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, Texas Capital cut Arcosa from a “strong-buy” rating 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 issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $141.25.

Arcosa Trading Up 0.0%

Shares of ACA opened at $145.30 on Monday. The company has a current ratio of 3.12, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $145.07 and its two-hundred day moving average is $127.81. Arcosa, Inc. has a twelve month low of $89.03 and a twelve month high of $146.92. The firm has a market capitalization of $7.14 billion, a P/E ratio of 14.56, a PEG ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA) last issued its 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). Arcosa had a net margin of 17.90% and a return on equity of 7.90%. The company had revenue of $658.70 million during the quarter, compared to analysts’ expectations of $687.50 million. During the same period last year, the business posted $1.27 earnings per share. The company’s quarterly revenue was down 10.6% on a year-over-year basis. On average, research analysts predict that Arcosa, Inc. will post 4.16 earnings per share for the current fiscal year.

About Arcosa

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.