Swiss National Bank Sells 600 Shares of Arcosa, Inc. (NYSE:ACA)

Swiss National Bank decreased its position in shares of Arcosa, Inc. (NYSE:ACA) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 94,900 shares of the company’s stock after selling 600 shares during the quarter. Swiss National Bank’s holdings in Arcosa were worth $8,993,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in Arcosa by 272.6% during the first quarter. Boston Partners now owns 220,961 shares of the company’s stock valued at $18,947,000 after purchasing an additional 161,662 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Arcosa by 152.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after buying an additional 117,892 shares in the last quarter. Algert Global LLC bought a new position in Arcosa in the 2nd quarter worth approximately $8,915,000. Synergy Asset Management LLC grew its stake in Arcosa by 88.5% in the 2nd quarter. Synergy Asset Management LLC now owns 115,097 shares of the company’s stock valued at $9,600,000 after buying an additional 54,045 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Arcosa by 378.5% during the 2nd quarter. Millennium Management LLC now owns 54,358 shares of the company’s stock valued at $4,534,000 after acquiring an additional 42,997 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the transaction, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. This represents a 152.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Arcosa Stock Performance

Shares of ACA opened at $110.58 on Monday. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $96.78 and a 200-day moving average price of $89.71. The company has a market cap of $5.39 billion, a PE ratio of 42.05 and a beta of 0.71. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $111.10.

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

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio (DPR) 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.