Arcosa, Inc. (NYSE:ACA) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC trimmed its position in shares of Arcosa, Inc. (NYSE:ACA) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,905 shares of the company’s stock after selling 859 shares during the period. Court Place Advisors LLC’s holdings in Arcosa were worth $1,562,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Arcosa by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,517,454 shares of the company’s stock worth $396,705,000 after buying an additional 68,240 shares during the period. State Street Corp boosted its position in Arcosa by 2.1% during the 1st quarter. State Street Corp now owns 2,001,753 shares of the company’s stock worth $126,331,000 after purchasing an additional 41,957 shares during the period. Capital World Investors increased its holdings in Arcosa by 19.0% in the 1st quarter. Capital World Investors now owns 1,881,470 shares of the company’s stock valued at $107,714,000 after purchasing an additional 300,000 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Arcosa by 7.5% in the second quarter. Goldman Sachs Group Inc. now owns 1,128,796 shares of the company’s stock valued at $52,410,000 after purchasing an additional 79,024 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Arcosa by 3.8% during the first quarter. Geode Capital Management LLC now owns 925,293 shares of the company’s stock worth $58,395,000 after purchasing an additional 34,080 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACA has been the subject of a number of recent research reports. DA Davidson increased their target price on Arcosa from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Oppenheimer boosted their target price on shares of Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Arcosa currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Arcosa Trading Down 2.7 %

Shares of NYSE:ACA traded down $2.15 during mid-day trading on Wednesday, hitting $76.87. The stock had a trading volume of 262,405 shares, compared to its average volume of 211,943. Arcosa, Inc. has a 12-month low of $57.74 and a 12-month high of $89.07. The company’s 50 day moving average is $82.79 and its 200-day moving average is $77.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 2.12. The company has a market cap of $3.73 billion, a PE ratio of 23.58 and a beta of 0.66.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.33 by $0.35. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company had revenue of $582.20 million for the quarter, compared to the consensus estimate of $554.54 million. During the same quarter last year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, sell-side analysts predict that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.26%. Arcosa’s dividend payout ratio is presently 6.13%.

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.