Pentwater Capital Management LP Makes New $95.89 Million Investment in Arcosa, Inc. $ACA

Pentwater Capital Management LP purchased a new stake in Arcosa, Inc. (NYSE:ACA) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 660,000 shares of the company’s stock, valued at approximately $95,891,000. Arcosa makes up about 0.6% of Pentwater Capital Management LP’s portfolio, making the stock its 23rd largest holding.

Several other institutional investors have also added to or reduced their stakes in ACA. BlackRock Inc. acquired a new stake in Arcosa during the 2nd quarter valued at approximately $1,222,486,000. Dimensional Fund Advisors LP boosted its stake in shares of Arcosa by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock valued at $246,976,000 after purchasing an additional 13,059 shares during the last quarter. Capital International Investors increased its position in shares of Arcosa by 0.7% during the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after buying an additional 15,956 shares during the period. State Street Corp increased its position in shares of Arcosa by 1.9% during the fourth quarter. State Street Corp now owns 1,948,344 shares of the company’s stock worth $207,148,000 after buying an additional 36,852 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Arcosa by 25.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after acquiring an additional 342,242 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Trading Up 0.1%

NYSE ACA opened at $145.45 on Thursday. The stock has a 50-day moving average of $144.68 and a 200-day moving average of $127.53. 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, Inc. has a 1-year low of $89.03 and a 1-year high of $146.92. The firm has a market cap of $7.14 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $687.50 million. During the same quarter in the previous year, the firm posted $1.27 EPS. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Arcosa, Inc. will post 4.16 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ACA. Oppenheimer cut shares of Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Barclays upped their price objective on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Citigroup cut Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Stephens set a $150.00 price target on Arcosa in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.