TD Asset Management Inc Boosts Stock Position in Arcosa, Inc. (NYSE:ACA)

TD Asset Management Inc lifted its position in shares of Arcosa, Inc. (NYSE:ACA) by 54.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,916 shares of the company’s stock after purchasing an additional 10,900 shares during the period. TD Asset Management Inc’s holdings in Arcosa were worth $2,579,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ACA. nVerses Capital LLC purchased a new stake in shares of Arcosa during the second quarter worth about $25,000. ICA Group Wealth Management LLC purchased a new stake in shares of Arcosa during the fourth quarter worth about $33,000. Scarborough Advisors LLC purchased a new stake in shares of Arcosa during the fourth quarter worth about $42,000. Innealta Capital LLC purchased a new stake in shares of Arcosa during the second quarter worth about $69,000. Finally, Covestor Ltd boosted its holdings in shares of Arcosa by 38.8% during the first quarter. Covestor Ltd now owns 888 shares of the company’s stock worth $77,000 after purchasing an additional 248 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Arcosa Price Performance

Shares of NYSE ACA opened at $87.83 on Friday. Arcosa, Inc. has a fifty-two week low of $61.98 and a fifty-two week high of $95.50. The company has a 50 day simple moving average of $86.36 and a two-hundred day simple moving average of $84.40. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 30.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, beating 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 the consensus estimate of $661.54 million. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. Analysts expect that Arcosa, Inc. will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACA has been the subject of several research analyst reports. DA Davidson raised their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a report on Wednesday, August 7th. Finally, Oppenheimer raised their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th.

Arcosa Profile

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.