Russell Investments Group Ltd. Lowers Holdings in Arcosa, Inc. (NYSE:ACA)

Russell Investments Group Ltd. reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 23.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 275,961 shares of the company’s stock after selling 82,258 shares during the period. Russell Investments Group Ltd.’s holdings in Arcosa were worth $22,805,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC grew its holdings in Arcosa by 39.8% during the third quarter. First Eagle Investment Management LLC now owns 98,456 shares of the company’s stock worth $7,079,000 after acquiring an additional 28,027 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Arcosa by 22.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 63,976 shares of the company’s stock valued at $4,600,000 after purchasing an additional 11,878 shares in the last quarter. FMR LLC lifted its stake in shares of Arcosa by 224.6% in the 3rd quarter. FMR LLC now owns 69,963 shares of the company’s stock valued at $5,030,000 after purchasing an additional 48,411 shares during the period. Hsbc Holdings PLC purchased a new stake in Arcosa during the third quarter worth $1,271,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Arcosa during the fourth quarter valued at $2,016,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

ACA has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. DA Davidson upped their price target on Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

Arcosa Stock Performance

Shares of NYSE:ACA opened at $76.40 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.12 and a quick ratio of 1.18. Arcosa, Inc. has a 1 year low of $61.98 and a 1 year high of $89.07. The firm has a market capitalization of $3.71 billion, a PE ratio of 23.44 and a beta of 0.66. The business’s 50 day moving average price is $81.65 and its 200-day moving average price is $78.35.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.35. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company had revenue of $582.20 million for the quarter, compared to analyst estimates of $554.54 million. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities research analysts expect that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Monday, April 15th were given a dividend of $0.05 per share. The ex-dividend date was Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Arcosa’s payout ratio is presently 6.13%.

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.