Legato Capital Management LLC Purchases New Position in Arcosa, Inc. $ACA

Legato Capital Management LLC purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,196 shares of the company’s stock, valued at approximately $552,000.

Other institutional investors also recently bought and sold shares of the company. Impax Asset Management Group plc raised its position in Arcosa by 74.7% during the third quarter. Impax Asset Management Group plc now owns 141,500 shares of the company’s stock valued at $13,260,000 after acquiring an additional 60,500 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in Arcosa by 69.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 22,037 shares of the company’s stock valued at $2,065,000 after acquiring an additional 9,023 shares in the last quarter. Strs Ohio raised its position in Arcosa by 17.0% during the third quarter. Strs Ohio now owns 75,600 shares of the company’s stock valued at $7,084,000 after acquiring an additional 11,000 shares in the last quarter. Public Sector Pension Investment Board raised its position in Arcosa by 15.0% during the third quarter. Public Sector Pension Investment Board now owns 191,334 shares of the company’s stock valued at $17,930,000 after acquiring an additional 24,892 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Arcosa by 23.3% during the third quarter. Fisher Asset Management LLC now owns 112,106 shares of the company’s stock valued at $10,505,000 after acquiring an additional 21,181 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays lifted their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. DA Davidson lifted their price target on Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Texas Capital upgraded Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Wall Street Zen cut Arcosa from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Arcosa currently has an average rating of “Moderate Buy” and a consensus target price of $132.50.

Arcosa Stock Up 4.0%

Arcosa stock opened at $125.64 on Wednesday. The stock has a market capitalization of $6.17 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $135.58. The business has a 50 day simple moving average of $115.18 and a 200-day simple moving average of $112.90. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.32 and a quick ratio of 1.60.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.38. The business had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, analysts anticipate that Arcosa, Inc. will post 4.22 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s payout ratio is 4.42%.

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.