Impax Asset Management Group plc Acquires 15,000 Shares of Arcosa, Inc. $ACA

Impax Asset Management Group plc boosted its position in shares of Arcosa, Inc. (NYSE:ACA) by 10.6% in the fourth quarter, Holdings Channel reports. The fund owned 156,500 shares of the company’s stock after acquiring an additional 15,000 shares during the period. Impax Asset Management Group plc’s holdings in Arcosa were worth $16,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors lifted its position in Arcosa by 28.3% during the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock worth $208,812,000 after acquiring an additional 491,165 shares during the last quarter. Royce & Associates LP lifted its position in Arcosa by 0.4% during the 3rd quarter. Royce & Associates LP now owns 1,267,091 shares of the company’s stock worth $118,739,000 after acquiring an additional 4,652 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after acquiring an additional 154,172 shares during the last quarter. Bank of America Corp DE lifted its position in Arcosa by 80.5% during the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock worth $40,332,000 after acquiring an additional 207,457 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Arcosa by 8.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 426,705 shares of the company’s stock worth $45,367,000 after acquiring an additional 31,500 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ACA shares. Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Weiss Ratings lowered shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. DA Davidson upped their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Texas Capital raised shares of Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Arcosa Stock Performance

NYSE:ACA opened at $119.58 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.20 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $5.87 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96. Arcosa, Inc. has a 12-month low of $77.89 and a 12-month high of $131.00. The firm has a 50-day moving average price of $112.03 and a 200 day moving average price of $108.44.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.20. The firm had revenue of $716.70 million for the quarter, compared to analysts’ expectations of $719.46 million. Arcosa had a net margin of 7.23% and a return on equity of 8.64%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. Research analysts anticipate that Arcosa, Inc. will post 4.77 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. Shareholders 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 dividend on an annualized basis and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is presently 4.72%.

About Arcosa

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.