Swiss National Bank Sells 600 Shares of Arcosa, Inc. (NYSE:ACA)

Swiss National Bank reduced its position in Arcosa, Inc. (NYSE:ACA) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,900 shares of the company’s stock after selling 600 shares during the quarter. Swiss National Bank owned about 0.19% of Arcosa worth $8,993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Arcosa by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock worth $46,139,000 after purchasing an additional 6,673 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Arcosa by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after acquiring an additional 9,602 shares in the last quarter. Boston Partners lifted its holdings in shares of Arcosa by 272.6% in the first quarter. Boston Partners now owns 220,961 shares of the company’s stock worth $18,947,000 after acquiring an additional 161,662 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Arcosa by 152.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after purchasing an additional 117,892 shares in the last quarter. Finally, Thornburg Investment Management Inc. grew its holdings in shares of Arcosa by 7.6% during the 2nd quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company’s stock valued at $13,850,000 after purchasing an additional 11,735 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Arcosa Stock Up 2.1 %

Arcosa stock opened at $110.58 on Monday. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.39 billion, a PE ratio of 42.05 and a beta of 0.71. The firm’s fifty day moving average is $96.78 and its 200 day moving average is $89.71. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $111.10.

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, topping analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same quarter in the prior year, the firm earned $0.73 EPS. The business’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict that Arcosa, Inc. will post 3.38 EPS for the current fiscal year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.18%. Arcosa’s dividend payout ratio is 7.60%.

Insider Transactions at Arcosa

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the transaction, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. The trade was a 152.17 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

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.