Arcosa, Inc. (NYSE:ACA) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in Arcosa, Inc. (NYSE:ACA) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 919,999 shares of the company’s stock after selling 17,147 shares during the quarter. Loomis Sayles & Co. L P owned 1.89% of Arcosa worth $87,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Boston Partners boosted its stake in shares of Arcosa by 272.6% during the 1st quarter. Boston Partners now owns 220,961 shares of the company’s stock worth $18,947,000 after acquiring an additional 161,662 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock worth $18,512,000 after purchasing an additional 117,892 shares during the period. Algert Global LLC purchased a new stake in shares of Arcosa during the second quarter valued at $8,915,000. Synergy Asset Management LLC boosted its position in shares of Arcosa by 88.5% in the 2nd quarter. Synergy Asset Management LLC now owns 115,097 shares of the company’s stock valued at $9,600,000 after purchasing an additional 54,045 shares during the period. Finally, Millennium Management LLC increased its stake in Arcosa by 378.5% in the 2nd quarter. Millennium Management LLC now owns 54,358 shares of the company’s stock worth $4,534,000 after purchasing an additional 42,997 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Arcosa

In other news, Director Steven J. Demetriou bought 6,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $87.70 per share, with a total value of $526,200.00. Following the transaction, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. This trade represents a 152.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Arcosa Price Performance

Shares of ACA opened at $110.58 on Monday. The business’s 50-day moving average is $96.78 and its 200-day moving average is $89.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 42.05 and a beta of 0.71. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week 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 for the quarter, beating the consensus estimate of $0.78 by $0.13. The firm had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Equities research analysts expect 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. Investors of record on Tuesday, October 15th were issued a dividend of $0.05 per share. The ex-dividend date 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%.

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.