JPMorgan Chase & Co. Has $35.31 Million Holdings in Arcosa, Inc. $ACA

JPMorgan Chase & Co. raised its position in shares of Arcosa, Inc. (NYSE:ACA) by 1.8% in the third quarter, HoldingsChannel reports. The fund owned 376,794 shares of the company’s stock after acquiring an additional 6,713 shares during the period. JPMorgan Chase & Co.’s holdings in Arcosa were worth $35,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in ACA. GPS Wealth Strategies Group LLC lifted its holdings in Arcosa by 15.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock worth $74,000 after purchasing an additional 107 shares during the last quarter. Bessemer Group Inc. grew its holdings in Arcosa by 47.8% in the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after buying an additional 119 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Arcosa by 0.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 22,357 shares of the company’s stock valued at $2,095,000 after buying an additional 139 shares in the last quarter. Jones Financial Companies Lllp increased its position in Arcosa by 8.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,108 shares of the company’s stock worth $195,000 after buying an additional 156 shares during the period. Finally, CWM LLC lifted its holdings in shares of Arcosa by 23.8% during the third quarter. CWM LLC now owns 828 shares of the company’s stock worth $78,000 after buying an additional 159 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ACA shares. Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. DA Davidson raised their price target on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $120.00.

Arcosa Price Performance

Arcosa stock opened at $100.69 on Monday. The stock’s fifty day moving average price is $115.85 and its two-hundred day moving average price is $105.90. Arcosa, Inc. has a one year low of $68.11 and a one year high of $131.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.20 and a quick ratio of 1.35. The firm has a market cap of $4.94 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The firm had revenue of $716.70 million during the quarter, compared to the consensus estimate of $719.46 million. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. As a group, research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, April 15th. Arcosa’s payout ratio is 4.72%.

Arcosa Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.