Zurcher Kantonalbank Zurich Cantonalbank Has $1.08 Million Holdings in Arcosa, Inc. (NYSE:ACA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Arcosa, Inc. (NYSE:ACA) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,946 shares of the company’s stock after acquiring an additional 263 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Arcosa were worth $1,080,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of Arcosa by 168.9% in the second quarter. SG Americas Securities LLC now owns 17,960 shares of the company’s stock valued at $1,498,000 after purchasing an additional 11,280 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Arcosa by 19.4% during the 1st quarter. First Eagle Investment Management LLC now owns 126,052 shares of the company’s stock valued at $10,823,000 after acquiring an additional 20,450 shares in the last quarter. Norges Bank purchased a new position in Arcosa during the 4th quarter worth $45,468,000. UniSuper Management Pty Ltd bought a new stake in shares of Arcosa in the 1st quarter worth $754,000. Finally, TCW Group Inc. raised its holdings in shares of Arcosa by 72.9% in the second quarter. TCW Group Inc. now owns 41,895 shares of the company’s stock valued at $3,494,000 after purchasing an additional 17,658 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of ACA stock opened at $86.15 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 29.50 and a beta of 0.74. Arcosa, Inc. has a 52 week low of $61.98 and a 52 week high of $95.50. The firm’s 50-day simple moving average is $86.12 and its two-hundred day simple moving average is $84.33.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company had revenue of $664.70 million during the quarter, compared to analyst estimates of $661.54 million. During the same quarter last year, the business posted $0.76 EPS. Arcosa’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts forecast that Arcosa, Inc. will post 3.4 earnings per share for the current year.

Insider Activity

In other news, CEO Antonio Carrillo purchased 12,125 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Arcosa news, CEO Antonio Carrillo acquired 12,125 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $82.05 per share, with a total value of $994,856.25. Following the completion of the acquisition, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.78, for a total transaction of $335,120.00. Following the transaction, the insider now owns 35,333 shares of the company’s stock, valued at approximately $2,960,198.74. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Oppenheimer boosted their price target on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. DA Davidson upped their target price on Arcosa from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target on the stock in a report on Wednesday, August 7th.

About Arcosa

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.