Boston Partners Sells 26,743 Shares of Arcosa, Inc. $ACA

Boston Partners reduced its position in shares of Arcosa, Inc. (NYSE:ACA) by 44.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,789 shares of the company’s stock after selling 26,743 shares during the period. Boston Partners owned 0.07% of Arcosa worth $2,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in Arcosa in the 1st quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Arcosa in the second quarter valued at approximately $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Arcosa during the second quarter valued at approximately $51,000. Blue Trust Inc. increased its position in shares of Arcosa by 18.0% during the second quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after acquiring an additional 143 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in Arcosa by 56.7% during the first quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock worth $88,000 after acquiring an additional 413 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Arcosa Trading Up 0.1%

Shares of ACA opened at $106.54 on Friday. The business has a 50-day moving average of $96.48 and a 200 day moving average of $92.79. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $111.19. The firm has a market cap of $5.22 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02.

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

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.2%. Arcosa’s dividend payout ratio (DPR) is 6.62%.

Arcosa Company 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.