Quantbot Technologies LP Has $2.55 Million Position in Arcosa, Inc. $ACA

Quantbot Technologies LP lifted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 138.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,197 shares of the company’s stock after buying an additional 15,783 shares during the quarter. Quantbot Technologies LP owned about 0.06% of Arcosa worth $2,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Arcosa by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock valued at $1,087,000 after acquiring an additional 860 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in Arcosa in the 2nd quarter worth about $7,884,000. First Trust Advisors LP raised its stake in Arcosa by 29.0% in the 2nd quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock worth $53,523,000 after purchasing an additional 138,676 shares in the last quarter. AXQ Capital LP bought a new stake in Arcosa in the 2nd quarter valued at about $421,000. Finally, Creative Planning grew its position in shares of Arcosa by 72.6% during the 2nd quarter. Creative Planning now owns 31,229 shares of the company’s stock worth $2,708,000 after purchasing an additional 13,131 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

NYSE ACA opened at $110.37 on Wednesday. The firm’s 50 day simple moving average is $116.26 and its 200 day simple moving average is $105.03. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.44 and a beta of 1.01. The company has a current ratio of 2.20, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $131.00.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, February 26th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. The business had revenue of $716.70 million during the quarter, compared to the consensus estimate of $719.46 million. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. As a group, research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is 4.72%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ACA shares. DA Davidson lifted their price target on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Wall Street Zen downgraded Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.00.

Arcosa Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.