Rockefeller Capital Management L.P. Sells 4,509 Shares of Arcosa, Inc. $ACA

Rockefeller Capital Management L.P. lowered its position in Arcosa, Inc. (NYSE:ACA) by 52.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,163 shares of the company’s stock after selling 4,509 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Arcosa were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACA. Virtu Financial LLC bought a new position in Arcosa during the 4th quarter valued at about $361,000. T. Rowe Price Investment Management Inc. lifted its stake in Arcosa by 25.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock worth $181,583,000 after purchasing an additional 342,242 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Arcosa by 8.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,885 shares of the company’s stock valued at $413,000 after buying an additional 287 shares during the period. NewEdge Advisors LLC boosted its position in shares of Arcosa by 4,886.4% during the fourth quarter. NewEdge Advisors LLC now owns 4,388 shares of the company’s stock valued at $467,000 after buying an additional 4,300 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Arcosa by 233.0% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 29,963 shares of the company’s stock valued at $3,186,000 after buying an additional 20,966 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Down 0.1%

Shares of Arcosa stock opened at $144.82 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60. Arcosa, Inc. has a 1 year low of $81.91 and a 1 year high of $146.92. The firm’s 50-day moving average is $129.43 and its two-hundred day moving average is $118.70. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business had revenue of $571.70 million during the quarter, compared to analyst estimates of $642.40 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts expect that Arcosa, Inc. will post 4.25 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa’s payout ratio is 4.42%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACA. Barclays raised their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Citigroup downgraded Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $138.33.

About Arcosa

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.