Hsbc Holdings PLC Trims Position in Arcosa, Inc. $ACA

Hsbc Holdings PLC lessened its holdings in Arcosa, Inc. (NYSE:ACA) by 17.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,803 shares of the company’s stock after selling 3,746 shares during the period. Hsbc Holdings PLC’s holdings in Arcosa were worth $1,895,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of Arcosa during the fourth quarter worth about $361,000. T. Rowe Price Investment Management Inc. grew its holdings in Arcosa by 25.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company’s stock valued at $181,583,000 after buying an additional 342,242 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Arcosa by 8.0% during the 4th 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 in the last quarter. NewEdge Advisors LLC raised 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 last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in shares of Arcosa by 233.0% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 29,963 shares of the company’s stock worth $3,186,000 after buying an additional 20,966 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Price Performance

Shares of NYSE:ACA traded up $0.06 on Friday, reaching $145.03. The company’s stock had a trading volume of 380,776 shares, compared to its average volume of 1,042,493. The company has a 50-day simple moving average of $132.05 and a 200 day simple moving average of $119.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The company has a market cap of $7.12 billion, a P/E ratio of 32.01, a PEG ratio of 2.13 and a beta of 1.04. Arcosa, Inc. has a 52-week low of $81.91 and a 52-week high of $146.92.

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

Arcosa Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ACA shares. Weiss Ratings cut shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Citigroup cut Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Finally, Barclays boosted their target price on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Arcosa currently has an average rating of “Hold” and a consensus target price of $138.33.

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.