Arcosa Inc (NYSE:ACA) Shares Sold by Strategic Wealth Partners Ltd.

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Strategic Wealth Partners Ltd. reduced its position in Arcosa Inc (NYSE:ACA) by 20.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,986 shares of the company’s stock after selling 1,043 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Arcosa were worth $150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its stake in Arcosa by 8.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,333 shares of the company’s stock valued at $377,000 after buying an additional 1,000 shares during the period. Laurion Capital Management LP acquired a new position in Arcosa in the 1st quarter valued at $815,000. Marshall Wace LLP acquired a new position in Arcosa in the 1st quarter valued at $20,750,000. Financial Engines Advisors L.L.C. acquired a new position in Arcosa in the 1st quarter valued at $211,000. Finally, Moors & Cabot Inc. acquired a new position in Arcosa in the 1st quarter valued at $259,000. 86.48% of the stock is currently owned by institutional investors.

Shares of NYSE:ACA traded down $1.55 on Friday, reaching $31.82. 293,766 shares of the company were exchanged, compared to its average volume of 410,804. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.63 and a current ratio of 3.07. Arcosa Inc has a 1-year low of $21.00 and a 1-year high of $39.74. The company has a 50-day moving average of $35.10 and a 200-day moving average of $33.68.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.18. Arcosa had a net margin of 5.66% and a return on equity of 5.14%. The business had revenue of $434.10 million for the quarter, compared to analysts’ expectations of $429.22 million. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. Analysts expect that Arcosa Inc will post 2.13 earnings per share for the current fiscal year.

In other news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $36.03, for a total transaction of $54,045,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Separately, Zacks Investment Research cut shares of Arcosa from a “buy” rating to a “sell” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Arcosa has an average rating of “Hold” and an average target price of $39.95.

Arcosa Profile

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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