BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys Shares of 589 Arcosa, Inc. $ACA

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 589 shares of the company’s stock, valued at approximately $51,000.

Other large investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in shares of Arcosa during the 1st quarter valued at $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Arcosa during the 2nd quarter valued at $40,000. Blue Trust Inc. grew its holdings in shares of Arcosa by 18.0% during the 2nd 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. AlphaQuest LLC grew its holdings in shares of Arcosa by 56.7% during the 1st quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock valued at $88,000 after acquiring an additional 413 shares in the last quarter. Finally, SouthState Corp purchased a new position in shares of Arcosa during the 1st quarter valued at $163,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Trading Up 0.4%

Shares of NYSE:ACA opened at $100.68 on Thursday. The stock has a market capitalization of $4.94 billion, a PE ratio of 33.34, a P/E/G ratio of 1.47 and a beta of 1.01. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43. The firm has a fifty day moving average price of $94.75 and a 200 day moving average price of $90.52. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. Arcosa had a net margin of 5.25% and a return on equity of 7.46%. The company had revenue of $515.10 million during the quarter. Analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, October 15th. Arcosa’s dividend payout ratio is 6.62%.

Insider Transactions at Arcosa

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the sale, the insider owned 19,769 shares of the company’s stock, valued at $1,893,277.13. This trade represents a 28.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACA. Weiss Ratings restated a “hold (c)” rating on shares of Arcosa in a report on Wednesday, October 8th. Barclays boosted their price target on shares of Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. DA Davidson upped 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, Zacks Research cut shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Arcosa has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

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.