Public Sector Pension Investment Board Trims Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Public Sector Pension Investment Board cut its position in Arcosa, Inc. (NYSE:ACA) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,481 shares of the company’s stock after selling 3,400 shares during the period. Public Sector Pension Investment Board’s holdings in Arcosa were worth $9,806,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Arcosa during the 2nd quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in Arcosa during the second quarter valued at $69,000. KBC Group NV increased its holdings in Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after buying an additional 242 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Arcosa in the second quarter worth about $196,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in shares of Arcosa during the 3rd quarter worth about $206,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Oppenheimer lifted their price target on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Stephens upgraded Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective for the company in a research report on Wednesday, August 7th. Finally, Barclays began coverage on Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company.

Insider Buying and Selling at Arcosa

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the acquisition, the director now directly owns 9,943 shares of the company’s stock, valued at $872,001.10. This represents a 152.17 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Arcosa Stock Down 1.3 %

ACA opened at $107.37 on Friday. The company has a market cap of $5.24 billion, a PE ratio of 40.83 and a beta of 0.71. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The company has a 50-day moving average price of $97.86 and a 200 day moving average price of $90.14. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.78 by $0.13. The company had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. Arcosa’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. Sell-side analysts expect that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 7.60%.

Arcosa Profile

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in the United States. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products.