WINTON GROUP Ltd Makes New Investment in Arcosa, Inc. $ACA

WINTON GROUP Ltd bought a new position in shares of Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, HoldingsChannel reports. The fund bought 34,564 shares of the company’s stock, valued at approximately $5,022,000.

A number of other large investors have also made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Arcosa by 20.6% during the first quarter. AQR Capital Management LLC now owns 8,326 shares of the company’s stock worth $642,000 after buying an additional 1,423 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Arcosa in the 1st quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Arcosa by 11.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,244 shares of the company’s stock worth $11,047,000 after acquiring an additional 14,723 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Arcosa by 193.8% during the 1st quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after acquiring an additional 69,427 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Arcosa by 1.4% during the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock worth $1,100,000 after acquiring an additional 181 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Shares of Arcosa stock opened at $145.28 on Friday. The firm has a market cap of $7.13 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.18 and a beta of 1.07. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. Arcosa, Inc. has a 52 week low of $89.03 and a 52 week high of $146.92. The business’s fifty day simple moving average is $145.19 and its 200-day simple moving average is $129.02.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The business had revenue of $658.70 million for the quarter, compared to analyst estimates of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 earnings per share. Equities analysts forecast that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is currently 2.00%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ACA shares. Weiss Ratings raised shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Citigroup downgraded shares of Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Arcosa currently has an average rating of “Hold” and an average price target of $141.25.

About Arcosa

Arcosa, Inc (NYSE: ACA) is an infrastructure-related products and solutions company headquartered in Dallas, Texas. The company serves customers in the construction, utility, transportation and industrial markets, with operations primarily in the United States and a presence in selected international markets.

Arcosa operates through businesses that provide construction products, engineered structures and transportation products. Its offerings include aggregates and other construction materials, concrete and drainage products, utility and communication structures, wind towers, traffic structures, inland barges and rail transportation components.