Hsbc Holdings PLC Has $1.90 Million Holdings in Arcosa, Inc. $ACA

Hsbc Holdings PLC lessened its stake in shares of Arcosa, Inc. (NYSE:ACA) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,803 shares of the company’s stock after selling 3,746 shares during the quarter. Hsbc Holdings PLC’s holdings in Arcosa were worth $1,895,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ACA. Horizon Investments LLC bought a new position in shares of Arcosa in the fourth quarter worth about $1,925,000. Capital International Investors boosted its stake in Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after purchasing an additional 491,165 shares during the period. Fisher Asset Management LLC grew its holdings in Arcosa by 23.3% in the 3rd quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock valued at $10,505,000 after buying an additional 21,181 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in Arcosa in the 4th quarter worth approximately $2,564,000. Finally, Aptus Capital Advisors LLC increased its position in Arcosa by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 130,520 shares of the company’s stock worth $12,231,000 after buying an additional 17,166 shares during the period. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACA has been the subject of several research reports. Oppenheimer cut Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday. Citigroup lowered shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Barclays upped their target price on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. DA Davidson increased their price target on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Zacks Research upgraded shares of Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $138.33.

Arcosa Price Performance

Shares of ACA stock opened at $144.55 on Tuesday. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $146.92. The company has a market capitalization of $7.10 billion, a P/E ratio of 31.91, a P/E/G ratio of 2.12 and a beta of 1.06. The stock has a 50 day moving average of $127.05 and a two-hundred day moving average of $117.74. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The business had revenue of $571.70 million for the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.Arcosa’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, equities analysts expect that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s payout ratio is 4.42%.

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.