Campbell & CO Investment Adviser LLC Sells 25,166 Shares of Arcosa, Inc. $ACA

Campbell & CO Investment Adviser LLC decreased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 68.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,514 shares of the company’s stock after selling 25,166 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Arcosa were worth $1,079,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings 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 in the last quarter. CWM LLC increased its position in Arcosa by 23.8% during the 3rd quarter. CWM LLC now owns 828 shares of the company’s stock valued at $78,000 after purchasing an additional 159 shares during the period. Choreo LLC raised its holdings in Arcosa by 1.8% in the 2nd quarter. Choreo LLC now owns 9,800 shares of the company’s stock worth $850,000 after purchasing an additional 175 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Arcosa by 1.4% in the 2nd quarter. American Century Companies Inc. now owns 12,690 shares of the company’s stock worth $1,100,000 after purchasing an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Arcosa by 13.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,596 shares of the company’s stock valued at $140,000 after purchasing an additional 183 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Trading Down 0.5%

NYSE:ACA opened at $115.20 on Monday. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 1.50 and a beta of 0.99. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average price is $107.30 and its 200-day moving average price is $98.34. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $116.32.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.23. The business had revenue of $797.80 million for the quarter, compared to analysts’ expectations of $782.76 million. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. On average, equities research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa’s payout ratio is 6.62%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ACA. Barclays increased their price target on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Wall Street Zen cut Arcosa from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research report on Monday, December 29th. Finally, Zacks Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Arcosa currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.50.

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.