Greenland Capital Management LP Makes New $1.45 Million Investment in Arcosa, Inc. $ACA

Greenland Capital Management LP acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the second quarter, Holdings Channel.com reports. The firm acquired 10,000 shares of the company’s stock, valued at approximately $1,453,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming bought a new stake in shares of Arcosa in the 1st quarter worth about $30,000. GHP Investment Advisors Inc. bought a new position in Arcosa during the 1st quarter valued at about $32,000. Farther Finance Advisors LLC grew its holdings in Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Quarry LP grew its holdings in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares during the last quarter. Finally, Allworth Financial LP raised its position in Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stephens set a $150.00 price objective on shares of Arcosa in a research note on Thursday, August 6th. Texas Capital cut Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Oppenheimer lowered Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Finally, Citigroup lowered Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $141.25.

Arcosa Stock Down 0.1%

Shares of Arcosa stock opened at $145.23 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31. Arcosa, Inc. has a 1 year low of $89.03 and a 1 year high of $146.92. The firm’s 50-day moving average is $143.86 and its two-hundred day moving average is $126.90. The stock 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 posted 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 net margin of 17.90% and a return on equity of 7.90%. The business had revenue of $658.70 million during the quarter, compared to the consensus estimate of $687.50 million. During the same quarter in the prior year, the firm posted $1.27 EPS. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. As a group, research analysts expect that Arcosa, Inc. will post 4.16 earnings per share for the current fiscal 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.