Arcosa, Inc. (NYSE:ACA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Arcosa, Inc. (NYSE:ACA) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,563 shares of the company’s stock after selling 333 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Arcosa worth $10,477,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ACA. SG Americas Securities LLC grew its position in Arcosa by 168.9% during the 2nd quarter. SG Americas Securities LLC now owns 17,960 shares of the company’s stock worth $1,498,000 after purchasing an additional 11,280 shares during the period. TCW Group Inc. grew its holdings in Arcosa by 72.9% during the second quarter. TCW Group Inc. now owns 41,895 shares of the company’s stock worth $3,494,000 after acquiring an additional 17,658 shares during the period. Public Sector Pension Investment Board raised its position in Arcosa by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 106,881 shares of the company’s stock valued at $8,915,000 after acquiring an additional 6,934 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Arcosa in the second quarter valued at approximately $614,000. Finally, Peregrine Asset Advisers Inc. purchased a new stake in Arcosa in the 3rd quarter worth approximately $590,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of Arcosa stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the transaction, the director now directly owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. This represents a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACA shares. Barclays assumed coverage on shares of Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company. Oppenheimer lifted their price objective on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Arcosa Trading Up 1.1 %

Shares of ACA stock opened at $108.35 on Monday. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 41.20 and a beta of 0.74. 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 stock has a 50 day simple moving average of $99.86 and a 200-day simple moving average of $91.22.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. During the same period in the prior year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts expect that Arcosa, Inc. will post 3.37 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.18%. Arcosa’s dividend payout ratio (DPR) is currently 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.