Peregrine Capital Management LLC Sells 4,798 Shares of Arcosa, Inc. $ACA

Peregrine Capital Management LLC decreased its stake in shares of Arcosa, Inc. (NYSE:ACA) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,240 shares of the company’s stock after selling 4,798 shares during the period. Peregrine Capital Management LLC owned about 0.22% of Arcosa worth $11,701,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Arcosa by 20.6% during the 1st quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock valued at $642,000 after acquiring an additional 1,423 shares in the last quarter. United Services Automobile Association purchased a new position in Arcosa during the 1st quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Arcosa by 11.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock worth $11,047,000 after acquiring an additional 14,723 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Arcosa by 193.8% in the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after acquiring an additional 69,427 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Arcosa by 1.4% in the second quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Citigroup cut shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Barclays lifted their target price on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $138.33.

Arcosa Price Performance

ACA opened at $145.05 on Wednesday. Arcosa, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $146.92. The firm has a 50-day moving average of $127.66 and a 200 day moving average of $117.98. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The firm has a market cap of $7.12 billion, a P/E ratio of 32.02, a PEG ratio of 2.13 and a beta of 1.06.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.13 by $0.38. The business had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, research analysts expect that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s payout ratio is 4.42%.

Arcosa Company 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.