Mitsubishi UFJ Asset Management Co. Ltd. Acquires 1,191 Shares of Arcosa, Inc. $ACA

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 29.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,260 shares of the company’s stock after buying an additional 1,191 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Arcosa were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACA. Banque Cantonale Vaudoise acquired a new position in Arcosa during the 1st quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Arcosa during the 2nd quarter valued at $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Arcosa during the 2nd quarter worth $51,000. Blue Trust Inc. grew its stake in shares of Arcosa by 18.0% in the 2nd quarter. Blue Trust Inc. now owns 939 shares of the company’s stock worth $81,000 after acquiring an additional 143 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in shares of Arcosa by 56.7% in the first quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock valued at $88,000 after purchasing an additional 413 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Trading Down 1.5%

NYSE:ACA opened at $100.07 on Friday. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $95.04 and its 200 day moving average is $91.48. The stock has a market capitalization of $4.91 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.01.

Arcosa (NYSE:ACA) last released its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $515.10 million during the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%. Sell-side analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, October 15th. Arcosa’s payout ratio is currently 6.62%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ACA. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a report on Thursday. Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Barclays increased their price target on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Finally, DA Davidson boosted their price objective on Arcosa from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

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.