Arcosa, Inc. (NYSE:ACA) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP decreased its stake in shares of Arcosa, Inc. (NYSE:ACA) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,480 shares of the company’s stock after selling 442 shares during the period. Aigen Investment Management LP’s holdings in Arcosa were worth $235,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Arcosa by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock valued at $46,139,000 after acquiring an additional 6,673 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Arcosa by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock worth $38,040,000 after purchasing an additional 9,602 shares during the period. Boston Partners boosted its stake in Arcosa by 272.6% during the 1st quarter. Boston Partners now owns 220,961 shares of the company’s stock valued at $18,947,000 after purchasing an additional 161,662 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Arcosa by 152.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after purchasing an additional 117,892 shares during the period. Finally, Thornburg Investment Management Inc. raised its stake in shares of Arcosa by 7.6% in the 2nd quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company’s stock worth $13,850,000 after buying an additional 11,735 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACA has been the subject of several research reports. Barclays began coverage on Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company. Stephens raised shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer increased their target price on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th.

Insider Activity

In related news, Director Steven J. Demetriou purchased 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, with a total value 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 $872,001.10. This trade represents a 152.17 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Arcosa Price Performance

NYSE ACA opened at $101.39 on Friday. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 1 year low of $71.89 and a 1 year high of $107.79. The company has a market cap of $4.95 billion, a PE ratio of 38.55 and a beta of 0.71. The stock’s 50-day moving average price is $94.70 and its two-hundred day moving average price is $88.86.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.20%. Arcosa’s dividend payout ratio (DPR) is presently 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.