Freemont Management S.A. Lowers Position in Arcosa, Inc. (NYSE:ACA)

Freemont Management S.A. trimmed its holdings in Arcosa, Inc. (NYSE:ACA) by 83.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 14,800 shares of the company’s stock after selling 73,100 shares during the period. Freemont Management S.A.’s holdings in Arcosa were worth $1,234,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Arcosa by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock valued at $458,620,000 after purchasing an additional 32,164 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Arcosa by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,860,854 shares of the company’s stock worth $236,424,000 after acquiring an additional 39,008 shares in the last quarter. Norges Bank bought a new position in Arcosa during the 4th quarter worth about $45,468,000. Bank of New York Mellon Corp grew its holdings in Arcosa by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after acquiring an additional 9,602 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Arcosa by 17.7% in the 4th quarter. First Trust Advisors LP now owns 374,782 shares of the company’s stock valued at $30,972,000 after buying an additional 56,451 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the completion of the transaction, the insider now directly owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Bryan Stevenson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $83.78, for a total transaction of $335,120.00. Following the sale, the insider now owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Antonio Carrillo purchased 12,125 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now directly owns 406,275 shares in the company, valued at approximately $33,334,863.75. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ACA shares. Oppenheimer raised their price target on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target on the stock in a report on Wednesday, August 7th. Finally, DA Davidson raised their price target on shares of Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 17th.

Arcosa Stock Performance

Shares of Arcosa stock traded down $0.14 during midday trading on Monday, hitting $81.64. The company had a trading volume of 6,706 shares, compared to its average volume of 237,273. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 28.01 and a beta of 0.72. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $86.13 and a 200 day simple moving average of $84.36. Arcosa, Inc. has a 12-month low of $61.98 and a 12-month high of $95.50.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company had revenue of $664.70 million during the quarter, compared to analyst estimates of $661.54 million. During the same period last year, the firm posted $0.76 EPS. Arcosa’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts predict that Arcosa, Inc. will post 3.4 earnings per share for the current fiscal year.

Arcosa Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.