Greenland Capital Management LP Acquires New Position in Arcosa, Inc. $ACA

Greenland Capital Management LP bought a new position in Arcosa, Inc. (NYSE:ACA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $1,453,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castleark Management LLC lifted its stake in shares of Arcosa by 53.9% during the 1st quarter. Castleark Management LLC now owns 74,650 shares of the company’s stock valued at $7,923,000 after buying an additional 26,150 shares in the last quarter. Horizon Investments LLC bought a new position in Arcosa in the 4th quarter worth $1,925,000. First Nebraska Trust Co purchased a new stake in Arcosa in the 1st quarter worth $746,000. Principal Financial Group Inc. increased its stake in Arcosa by 13.7% in the 1st quarter. Principal Financial Group Inc. now owns 266,113 shares of the company’s stock worth $28,245,000 after buying an additional 32,164 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Arcosa by 3,554.1% during the first quarter. Fifth Third Bancorp now owns 13,045 shares of the company’s stock valued at $1,385,000 after acquiring an additional 12,688 shares during the period. Institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Oppenheimer downgraded Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup downgraded Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Stephens set a $150.00 price objective on shares of Arcosa in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $141.25.

Arcosa Stock Down 0.1%

Shares of NYSE:ACA opened at $145.23 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 12 month low of $89.03 and a 12 month high of $146.92. The company has a 50-day moving average price of $143.86 and a 200 day moving average price of $126.90. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.18 and a beta of 1.05.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The company had revenue of $658.70 million during the quarter, compared to analysts’ expectations of $687.50 million. During the same quarter in the prior year, the business posted $1.27 EPS. The company’s revenue was down 10.6% on a year-over-year basis. As a group, equities research analysts predict that Arcosa, Inc. will post 4.16 earnings per share for the current year.

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.