250,095 Shares in Arcosa, Inc. $ACA Purchased by Glazer Capital LLC

Glazer Capital LLC purchased a new stake in Arcosa, Inc. (NYSE:ACA) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 250,095 shares of the company’s stock, valued at approximately $36,336,000. Arcosa makes up approximately 0.9% of Glazer Capital LLC’s holdings, making the stock its 20th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake 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 in the last quarter. CWM LLC lifted its position in shares of Arcosa by 11.5% in the fourth quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after acquiring an additional 95 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Arcosa by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after acquiring an additional 100 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Arcosa by 0.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock worth $4,281,000 after purchasing an additional 107 shares in the last quarter. Finally, Menard Financial Group LLC increased its position in shares of 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. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ACA has been the topic of a number of research reports. Texas Capital lowered Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Citigroup cut shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Stephens set a $150.00 price target on shares of Arcosa in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Arcosa presently has an average rating of “Hold” and an average target price of $141.25.

Arcosa Stock Performance

NYSE ACA opened at $145.51 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The stock’s fifty day moving average is $144.88 and its two-hundred day moving average is $127.68. The firm has a market capitalization of $7.15 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. Arcosa, Inc. has a fifty-two week low of $89.03 and a fifty-two week high of $146.92.

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 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 analyst estimates of $687.50 million. During the same period last year, the business earned $1.27 earnings per share. The firm’s revenue was down 10.6% compared to the same quarter last year. On average, research analysts anticipate that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Arcosa 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.