Y Intercept Hong Kong Ltd Buys 9,023 Shares of Arcosa, Inc. $ACA

Y Intercept Hong Kong Ltd boosted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 69.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,037 shares of the company’s stock after buying an additional 9,023 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Arcosa were worth $2,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. raised its position in shares of Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock worth $81,000 after acquiring an additional 143 shares during the last quarter. CWM LLC grew its stake in Arcosa by 23.8% in the third quarter. CWM LLC now owns 828 shares of the company’s stock valued at $78,000 after acquiring an additional 159 shares during the period. Choreo LLC grew its position in Arcosa by 1.8% in the 2nd quarter. Choreo LLC now owns 9,800 shares of the company’s stock valued at $850,000 after purchasing an additional 175 shares during the period. American Century Companies Inc. lifted its position in Arcosa by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock valued at $1,100,000 after acquiring an additional 181 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Arcosa by 13.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,596 shares of the company’s stock valued at $140,000 after purchasing an additional 183 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Price Performance

Arcosa stock opened at $112.99 on Thursday. The business’s 50 day simple moving average is $109.67 and its 200 day simple moving average is $99.64. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $118.83. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 1.49 and a beta of 0.99. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, October 30th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The firm had revenue of $797.80 million for the quarter, compared to analyst estimates of $782.76 million. During the same period in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 24.6% on a year-over-year basis. Sell-side analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is 6.62%.

Analysts Set New Price Targets

A number of research firms have issued reports on ACA. Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Barclays upped their price objective on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Zacks Research cut Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

Arcosa Company 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.