Hsbc Holdings PLC Decreases Stake in Arcosa, Inc. $ACA

Hsbc Holdings PLC reduced its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 81.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,313 shares of the company’s stock after selling 14,490 shares during the quarter. Hsbc Holdings PLC’s holdings in Arcosa were worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Arcosa by 20.6% in the 1st 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 bought a new position in Arcosa during the 1st quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Arcosa by 11.5% during 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 valued at $11,047,000 after acquiring an additional 14,723 shares during the period. Jane Street Group LLC boosted 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 valued at $8,116,000 after acquiring an additional 69,427 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 valued at $1,100,000 after acquiring an additional 181 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Trading Up 0.1%

Shares of ACA stock opened at $145.39 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.14 and a beta of 1.04. Arcosa, Inc. has a 1 year low of $81.91 and a 1 year high of $146.92. The firm has a fifty day moving average price of $137.85 and a 200-day moving average price of $123.64.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The company 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 revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. As a group, equities analysts predict that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were given a $0.05 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa’s dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ACA. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Barclays increased their price objective on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Oppenheimer cut 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 report on Monday, June 22nd. Finally, Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Arcosa currently has an average rating of “Hold” and a consensus target price of $138.33.

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.