MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 19,340 Shares of Arcosa, Inc. (NYSE:ACA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Arcosa, Inc. (NYSE:ACA) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,389 shares of the company’s stock after purchasing an additional 19,340 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.74% of Arcosa worth $35,154,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ACA. Proficio Capital Partners LLC bought a new position in Arcosa during the 4th quarter worth approximately $30,000. GAMMA Investing LLC raised its holdings in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after purchasing an additional 148 shares during the last quarter. Flagship Wealth Advisors LLC acquired a new stake in shares of Arcosa during the 4th quarter worth approximately $52,000. AlphaQuest LLC grew its position in shares of Arcosa by 12,050.0% during the 4th quarter. AlphaQuest LLC now owns 729 shares of the company’s stock worth $71,000 after buying an additional 723 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Arcosa by 1,044.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company’s stock worth $92,000 after buying an additional 867 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of ACA stock opened at $90.35 on Wednesday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 34.35 and a beta of 1.00. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $79.76 and a 200-day moving average of $92.89.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.20. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. During the same quarter last year, the firm posted $0.73 EPS. Arcosa’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date was Tuesday, April 15th. Arcosa’s payout ratio is currently 12.58%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th.

About Arcosa

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.