Man Group plc Acquires New Position in Arcosa, Inc. $ACA

Man Group plc acquired a new stake in Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, HoldingsChannel reports. The firm acquired 123,343 shares of the company’s stock, valued at approximately $17,921,000.

Several other large investors have also recently added to or reduced their stakes in ACA. State of Wyoming acquired a new stake in shares of Arcosa during the 1st quarter valued at $30,000. GHP Investment Advisors Inc. acquired a new position in shares of Arcosa in the first quarter worth $32,000. Farther Finance Advisors LLC increased its stake in shares of Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the last quarter. Quarry LP increased its stake in shares of Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Up 0.2%

ACA stock opened at $145.51 on Friday. 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 company has a fifty day simple moving average of $144.88 and a 200 day simple moving average of $127.68. The firm has a market cap of $7.15 billion, a PE ratio of 14.58, a PEG ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA) last issued its quarterly earnings data 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 business had revenue of $658.70 million during 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%.The company’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 earnings per share. Sell-side analysts anticipate that Arcosa, Inc. will post 4.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACA has been the subject of a number of research reports. Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Stephens set a $150.00 target price on Arcosa in a research report on Thursday, August 6th. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Barclays boosted their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arcosa has a consensus rating of “Hold” and a consensus 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.