Natixis Advisors LLC Reduces Stock Holdings in Arcosa, Inc. $ACA

Natixis Advisors LLC decreased its position in Arcosa, Inc. (NYSE:ACA) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,089 shares of the company’s stock after selling 4,977 shares during the period. Natixis Advisors LLC owned about 0.11% of Arcosa worth $5,644,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of 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 acquiring an additional 1,423 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Arcosa during the first quarter worth $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Arcosa by 11.5% during the first 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 in the last quarter. Jane Street Group LLC lifted its position in shares of Arcosa by 193.8% during the first 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 in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Arcosa by 1.4% during the second 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 in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ACA shares. Texas Capital upgraded Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Barclays increased their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. DA Davidson increased their target price on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Arcosa presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.33.

Arcosa Stock Up 0.9%

ACA opened at $123.62 on Tuesday. The stock has a market cap of $6.07 billion, a PE ratio of 27.29, a P/E/G ratio of 1.80 and a beta of 1.06. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 52 week low of $81.91 and a 52 week high of $135.58. The business’s fifty day simple moving average is $118.85 and its 200 day simple moving average is $114.50.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, April 30th. The company reported $0.51 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%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts expect that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio is currently 4.42%.

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.