Worth Asset Management LLC Sells 500 Shares of Arcosa, Inc. (NYSE:ACA)

Worth Asset Management LLC lessened its position in Arcosa, Inc. (NYSE:ACA) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,885 shares of the company’s stock after selling 500 shares during the quarter. Worth Asset Management LLC’s holdings in Arcosa were worth $666,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ACA. State Street Corp raised its stake in shares of Arcosa by 1.1% during the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after purchasing an additional 22,258 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Arcosa by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock worth $107,047,000 after purchasing an additional 16,032 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Arcosa by 6.5% in the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock valued at $74,214,000 after acquiring an additional 47,474 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Arcosa by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock valued at $46,139,000 after purchasing an additional 6,673 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after buying an additional 117,892 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

NYSE:ACA traded down $0.15 on Wednesday, hitting $94.93. The company had a trading volume of 58,443 shares, compared to its average volume of 165,768. The firm has a 50 day moving average of $103.11 and a two-hundred day moving average of $93.70. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 36.10 and a beta of 0.76. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The company had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, research analysts anticipate that Arcosa, Inc. will post 3.37 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is 7.60%.

Analyst Ratings Changes

Separately, Barclays assumed coverage on shares of Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective on the stock.

About Arcosa

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.