Aubrey Capital Management Ltd Lowers Stock Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Aubrey Capital Management Ltd cut its stake in Construction Partners, Inc. (NASDAQ:ROAD) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,700 shares of the company’s stock after selling 10,500 shares during the period. Construction Partners comprises about 1.8% of Aubrey Capital Management Ltd’s holdings, making the stock its 14th largest holding. Aubrey Capital Management Ltd owned about 0.09% of Construction Partners worth $4,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROAD. AQR Capital Management LLC boosted its holdings in Construction Partners by 25.0% in the second quarter. AQR Capital Management LLC now owns 9,574 shares of the company’s stock valued at $529,000 after purchasing an additional 1,912 shares during the period. Handelsbanken Fonder AB raised its stake in Construction Partners by 40.9% in the third quarter. Handelsbanken Fonder AB now owns 12,400 shares of the company’s stock valued at $866,000 after buying an additional 3,600 shares in the last quarter. GAMMA Investing LLC raised its stake in Construction Partners by 24.4% in the third quarter. GAMMA Investing LLC now owns 873 shares of the company’s stock valued at $61,000 after buying an additional 171 shares in the last quarter. Creative Planning raised its stake in Construction Partners by 22.8% in the third quarter. Creative Planning now owns 7,060 shares of the company’s stock valued at $493,000 after buying an additional 1,311 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in Construction Partners by 36.9% in the third quarter. NBC Securities Inc. now owns 4,927 shares of the company’s stock valued at $343,000 after buying an additional 1,327 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Suntx Capital Ii Management Co sold 12,731 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $99.78, for a total transaction of $1,270,299.18. Following the transaction, the director now owns 17,000 shares of the company’s stock, valued at $1,696,260. This trade represents a 42.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Todd Keith Andrews sold 5,489 shares of Construction Partners stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $91.84, for a total value of $504,109.76. Following the completion of the sale, the chief accounting officer now directly owns 17,394 shares in the company, valued at $1,597,464.96. This represents a 23.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,225 shares of company stock valued at $13,904,358 over the last quarter. 16.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on ROAD shares. Robert W. Baird raised their price target on Construction Partners from $68.00 to $92.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. DA Davidson restated a “neutral” rating and issued a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Finally, Raymond James cut their price target on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.40.

Construction Partners Stock Up 2.7 %

ROAD opened at $86.76 on Monday. The business’s 50-day simple moving average is $90.02 and its 200-day simple moving average is $79.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.26 and a current ratio of 1.54. Construction Partners, Inc. has a one year low of $44.77 and a one year high of $103.69. The stock has a market capitalization of $4.85 billion, a P/E ratio of 65.73, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74.

Construction Partners (NASDAQ:ROAD) last posted its earnings results on Thursday, November 21st. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Construction Partners had a return on equity of 12.90% and a net margin of 3.78%. The firm had revenue of $538.16 million for the quarter, compared to analyst estimates of $538.04 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Analysts anticipate that Construction Partners, Inc. will post 1.95 EPS for the current year.

About Construction Partners

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.