Advisory Services Network LLC Has $384,000 Holdings in Construction Partners, Inc. (NASDAQ:ROAD)

Advisory Services Network LLC decreased its position in shares of Construction Partners, Inc. (NASDAQ:ROAD) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,341 shares of the company’s stock after selling 500 shares during the period. Advisory Services Network LLC’s holdings in Construction Partners were worth $384,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Construction Partners by 109.5% in the third quarter. Barclays PLC now owns 101,463 shares of the company’s stock worth $7,082,000 after acquiring an additional 53,026 shares during the last quarter. Virtu Financial LLC bought a new stake in Construction Partners in the 3rd quarter valued at $559,000. Sanctuary Advisors LLC acquired a new stake in Construction Partners in the 3rd quarter worth $288,000. Franklin Resources Inc. bought a new position in shares of Construction Partners during the 3rd quarter worth about $273,000. Finally, Principal Financial Group Inc. raised its position in shares of Construction Partners by 4.1% during the third quarter. Principal Financial Group Inc. now owns 40,215 shares of the company’s stock valued at $2,807,000 after buying an additional 1,596 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.

Construction Partners Trading Down 1.3 %

Shares of ROAD opened at $77.45 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.23 and a debt-to-equity ratio of 1.46. The stock has a market cap of $4.33 billion, a PE ratio of 72.38, a PEG ratio of 0.99 and a beta of 0.85. Construction Partners, Inc. has a 1 year low of $49.16 and a 1 year high of $103.69. The stock has a 50 day simple moving average of $74.09 and a 200-day simple moving average of $82.52.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROAD. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of Construction Partners in a research note on Thursday, January 30th. Raymond James reduced their target price on Construction Partners from $112.00 to $104.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 16th. Finally, Robert W. Baird increased their price objective on shares of Construction Partners from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, February 10th.

Insider Buying and Selling at Construction Partners

In other news, SVP John L. Harper sold 6,000 shares of Construction Partners stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $73.83, for a total value of $442,980.00. Following the completion of the transaction, the senior vice president now owns 159,389 shares in the company, valued at approximately $11,767,689.87. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Fred Julius Smith III purchased 9,333 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average price of $73.83 per share, for a total transaction of $689,055.39. Following the completion of the transaction, the chief executive officer now owns 9,333 shares in the company, valued at $689,055.39. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.36% of the company’s stock.

Construction Partners Profile

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.