Public Sector Pension Investment Board Reduces Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Public Sector Pension Investment Board lessened its stake in shares of Arcosa, Inc. (NYSE:ACA) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,481 shares of the company’s stock after selling 3,400 shares during the period. Public Sector Pension Investment Board owned approximately 0.21% of Arcosa worth $9,806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACA. FMR LLC increased its position in Arcosa by 95.7% during the third quarter. FMR LLC now owns 36,097 shares of the company’s stock valued at $3,421,000 after acquiring an additional 17,648 shares during the last quarter. Algert Global LLC boosted its stake in shares of Arcosa by 3.2% during the 3rd quarter. Algert Global LLC now owns 110,271 shares of the company’s stock worth $10,449,000 after purchasing an additional 3,394 shares during the period. Cerity Partners LLC grew its holdings in Arcosa by 29.1% during the 3rd quarter. Cerity Partners LLC now owns 19,295 shares of the company’s stock valued at $1,828,000 after purchasing an additional 4,350 shares during the last quarter. Citigroup Inc. raised its position in Arcosa by 60.0% in the 3rd quarter. Citigroup Inc. now owns 68,524 shares of the company’s stock worth $6,493,000 after purchasing an additional 25,689 shares during the period. Finally, Intech Investment Management LLC lifted its stake in Arcosa by 116.2% in the third quarter. Intech Investment Management LLC now owns 10,620 shares of the company’s stock worth $1,006,000 after purchasing an additional 5,707 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ACA shares. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target for the company in a research note on Wednesday, August 7th. Oppenheimer increased their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, Barclays initiated coverage on shares of Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company.

Insiders Place Their Bets

In other news, Director Steven J. Demetriou acquired 6,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of $87.70 per share, with a total value of $526,200.00. Following the transaction, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. This represents a 152.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Arcosa Trading Down 1.3 %

ACA opened at $107.37 on Friday. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The company has a market capitalization of $5.24 billion, a P/E ratio of 40.83 and a beta of 0.71. The stock’s fifty day moving average is $97.86 and its two-hundred day moving average is $90.14. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. During the same period in the prior year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Arcosa’s dividend payout ratio is currently 7.60%.

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.