JPMorgan Chase & Co. Has $39.80 Million Stake in Arcosa, Inc. (NYSE:ACA)

JPMorgan Chase & Co. reduced its position in Arcosa, Inc. (NYSE:ACA) by 1.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 420,035 shares of the company’s stock after selling 7,357 shares during the period. JPMorgan Chase & Co.’s holdings in Arcosa were worth $39,803,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. increased its position in Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after acquiring an additional 47,474 shares during the period. Geode Capital Management LLC raised 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. M&T Bank Corp bought a new stake in Arcosa during the third quarter valued at $219,000. Barclays PLC boosted its position in shares of Arcosa by 330.9% during the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after purchasing an additional 62,804 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in Arcosa in the third quarter valued at $328,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Price Performance

ACA stock opened at $98.53 on Monday. The company has a market cap of $4.81 billion, a P/E ratio of 37.46 and a beta of 0.76. The firm has a 50-day moving average of $103.05 and a 200 day moving average of $93.52. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa (NYSE:ACA) last issued its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million for 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%. During the same period last year, the business posted $0.73 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that Arcosa, Inc. will post 3.37 EPS for the current year.

Arcosa Announces Dividend

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

Wall Street Analyst Weigh In

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

Arcosa Company 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.