Boston Partners Reduces Stock Position in Arcosa, Inc. $ACA

Boston Partners reduced its position in shares of Arcosa, Inc. (NYSE:ACA) by 75.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,684 shares of the company’s stock after selling 45,848 shares during the period. Boston Partners’ holdings in Arcosa were worth $1,273,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ACA. Xponance Inc. boosted its position in Arcosa by 4.3% during the first quarter. Xponance Inc. now owns 3,654 shares of the company’s stock worth $282,000 after acquiring an additional 149 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Arcosa by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 76,574 shares of the company’s stock worth $5,905,000 after purchasing an additional 429 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in shares of Arcosa by 3.1% during the first quarter. Atlantic Union Bankshares Corp now owns 9,156 shares of the company’s stock worth $706,000 after purchasing an additional 277 shares during the last quarter. Guidance Capital Inc. boosted its holdings in shares of Arcosa by 7.6% during the first quarter. Guidance Capital Inc. now owns 5,503 shares of the company’s stock worth $463,000 after purchasing an additional 387 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Arcosa in the first quarter valued at $3,257,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

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

Arcosa Stock Down 1.5%

Shares of Arcosa stock opened at $100.07 on Friday. The company has a fifty day moving average price of $95.04 and a 200 day moving average price of $91.56. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. Arcosa, Inc. has a twelve month low of $68.11 and a twelve 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.

Arcosa (NYSE:ACA) last posted 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%. Equities research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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

Arcosa Company 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.