Boston Partners Reduces Stake in Arcosa, Inc. $ACA

Boston Partners lowered its stake in Arcosa, Inc. (NYSE:ACA) by 44.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,789 shares of the company’s stock after selling 26,743 shares during the quarter. Boston Partners’ holdings in Arcosa were worth $2,930,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC grew its position in shares of Arcosa by 10.9% during the 1st quarter. HighTower Advisors LLC now owns 80,844 shares of the company’s stock valued at $6,235,000 after purchasing an additional 7,928 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Arcosa by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock valued at $1,087,000 after buying an additional 860 shares during the period. Hsbc Holdings PLC grew its position in Arcosa by 107.6% during the first quarter. Hsbc Holdings PLC now owns 14,535 shares of the company’s stock worth $1,116,000 after buying an additional 7,532 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Arcosa by 7.4% during the first quarter. The Manufacturers Life Insurance Company now owns 609,385 shares of the company’s stock worth $46,996,000 after buying an additional 42,177 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Arcosa by 7.1% in the 1st quarter. Advisors Asset Management Inc. now owns 45,793 shares of the company’s stock worth $3,532,000 after acquiring an additional 3,038 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Up 0.1%

Shares of NYSE ACA opened at $106.54 on Friday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 35.28, a PEG ratio of 1.56 and a beta of 1.01. Arcosa, Inc. has a one year low of $68.11 and a one year high of $111.19. The firm’s 50 day simple moving average is $96.48 and its two-hundred day simple moving average is $92.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.30.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The company had revenue of $515.10 million during the quarter. As a group, analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, October 15th. Arcosa’s dividend payout ratio is presently 6.62%.

Wall Street Analyst Weigh In

ACA has been the subject of a number of research analyst reports. DA Davidson lifted their price target on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a research note on Tuesday. Barclays increased their price target on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Arcosa from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.00.

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.