Yacktman Asset Management LP Reduces Stock Holdings in Arcosa Inc (NYSE:ACA)

Yacktman Asset Management LP reduced its stake in Arcosa Inc (NYSE:ACA) by 20.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 646,135 shares of the company’s stock after selling 167,612 shares during the period. Arcosa makes up 0.3% of Yacktman Asset Management LP’s investment portfolio, making the stock its 29th largest position. Yacktman Asset Management LP’s holdings in Arcosa were worth $24,314,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ACA. Royce & Associates LP boosted its holdings in shares of Arcosa by 3.7% in the first quarter. Royce & Associates LP now owns 1,130,241 shares of the company’s stock valued at $34,529,000 after acquiring an additional 39,989 shares during the period. FMR LLC acquired a new stake in shares of Arcosa in the fourth quarter valued at approximately $30,479,000. Norges Bank acquired a new stake in shares of Arcosa in the fourth quarter valued at approximately $19,298,000. Copper Rock Capital Partners LLC acquired a new stake in shares of Arcosa in the second quarter valued at approximately $25,790,000. Finally, Marshall Wace LLP acquired a new stake in shares of Arcosa in the first quarter valued at approximately $20,750,000. Institutional investors own 83.40% of the company’s stock.

Shares of ACA stock traded up $1.14 during trading hours on Friday, hitting $32.15. The stock had a trading volume of 4,200 shares, compared to its average volume of 367,468. The firm has a market capitalization of $1.59 billion and a PE ratio of 17.68. Arcosa Inc has a twelve month low of $21.00 and a twelve month high of $39.74. The stock’s 50 day moving average is $35.83 and its 200 day moving average is $33.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.07 and a quick ratio of 1.63.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.18. The business had revenue of $434.10 million during the quarter, compared to the consensus estimate of $429.22 million. Arcosa had a return on equity of 5.14% and a net margin of 5.66%. The firm’s revenue was up 23.0% compared to the same quarter last year. As a group, equities analysts predict that Arcosa Inc will post 2.13 earnings per share for the current year.

In related news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $36.03, for a total transaction of $54,045,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by company insiders.

Separately, Zacks Investment Research downgraded Arcosa from a “buy” rating to a “sell” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Arcosa presently has an average rating of “Hold” and a consensus price target 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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