Intech Investment Management LLC Boosts Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Intech Investment Management LLC lifted its holdings in Arcosa, Inc. (NYSE:ACA) by 116.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,620 shares of the company’s stock after purchasing an additional 5,707 shares during the period. Intech Investment Management LLC’s holdings in Arcosa were worth $1,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Boston Partners boosted its position in Arcosa by 272.6% during the 1st quarter. Boston Partners now owns 220,961 shares of the company’s stock valued at $18,947,000 after acquiring an additional 161,662 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after purchasing an additional 117,892 shares during the last quarter. Algert Global LLC purchased a new position in Arcosa in the second quarter valued at about $8,915,000. Synergy Asset Management LLC raised its holdings in Arcosa by 88.5% in the second quarter. Synergy Asset Management LLC now owns 115,097 shares of the company’s stock worth $9,600,000 after purchasing an additional 54,045 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Arcosa by 378.5% during the second quarter. Millennium Management LLC now owns 54,358 shares of the company’s stock valued at $4,534,000 after buying an additional 42,997 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In other Arcosa news, Director Steven J. Demetriou acquired 6,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average cost of $87.70 per share, with a total value of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The trade was a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Arcosa Stock Down 1.3 %

ACA stock opened at $107.37 on Thursday. The stock has a market capitalization of $5.24 billion, a PE ratio of 41.72 and a beta of 0.71. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $97.53 and a 200 day moving average of $90.02.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (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% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. Sell-side analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

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

Analyst Ratings Changes

ACA has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Barclays assumed coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target on the stock. Finally, Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a research report on Wednesday, August 7th.

Arcosa 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.