Arcosa, Inc. $ACA Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lowered its holdings in Arcosa, Inc. (NYSE:ACA) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,463 shares of the company’s stock after selling 14,009 shares during the period. Glenmede Trust Co. NA’s holdings in Arcosa were worth $16,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Wyoming bought a new position in shares of Arcosa during the first quarter valued at approximately $30,000. GHP Investment Advisors Inc. bought a new stake in shares of Arcosa in the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its holdings in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Quarry LP boosted its position in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after purchasing an additional 248 shares during the period. Finally, Allworth Financial LP boosted its position in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after purchasing an additional 314 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on ACA shares. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Barclays upped their price target on shares of Arcosa from $115.00 to $140.00 and gave the stock 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. Finally, Citigroup downgraded shares of Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arcosa presently has a consensus rating of “Hold” and a consensus price target of $138.33.

Arcosa Stock Performance

Shares of ACA stock opened at $145.39 on Friday. Arcosa, Inc. has a 12-month low of $81.91 and a 12-month high of $146.92. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04. The business has a 50 day simple moving average of $137.85 and a 200 day simple moving average of $123.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60.

Arcosa (NYSE:ACA) last posted its earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.13 by $0.38. The firm 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% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. On average, equities research analysts anticipate that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Announces Dividend

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

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.