Paralel Advisors LLC Invests $3.16 Million in Arcosa, Inc. $ACA

Paralel Advisors LLC bought a new position in Arcosa, Inc. (NYSE:ACA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,763 shares of the company’s stock, valued at approximately $3,162,000.

Other large investors have also added to or reduced their stakes in the company. Ceredex Value Advisors LLC acquired a new position in Arcosa during the 2nd quarter valued at about $8,318,000. NewEdge Wealth LLC bought a new position in shares of Arcosa in the second quarter valued at approximately $226,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Arcosa in the second quarter valued at approximately $203,000. BlackRock Inc. purchased a new position in Arcosa during the 2nd quarter worth $1,222,486,000. Finally, Deutsche Bank AG purchased a new position in Arcosa during the 2nd quarter worth $9,137,000. Institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

ACA has been the subject of several analyst reports. Oppenheimer downgraded shares of Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Stephens set a $150.00 price target on shares of Arcosa in a report on Thursday, August 6th. Texas Capital downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Arcosa in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Arcosa has a consensus rating of “Hold” and an average price target of $141.25.

Arcosa Stock Up 0.1%

ACA stock opened at $145.43 on Friday. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.18 and a beta of 1.05. 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 has a fifty day moving average of $143.55 and a 200-day moving average of $126.77. 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 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.05). The company 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 firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 EPS. As a group, equities research analysts predict that Arcosa, Inc. will post 4.16 earnings per share for the current year.

About Arcosa

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.