Mercuria Capital Strategies LLC Takes $2.47 Million Position in Arcosa, Inc. $ACA

Mercuria Capital Strategies LLC bought a new stake in Arcosa, Inc. (NYSE:ACA) in the 4th quarter, Holdings Channel reports. The fund bought 23,192 shares of the company’s stock, valued at approximately $2,466,000. Arcosa accounts for 2.0% of Mercuria Capital Strategies LLC’s holdings, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in ACA. Farther Finance Advisors LLC boosted its stake in shares of Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the period. Bessemer Group Inc. boosted its stake in Arcosa by 47.8% during the 3rd quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock valued at $35,000 after acquiring an additional 119 shares during the last quarter. Quarry LP boosted its stake in Arcosa by 160.0% during the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock valued at $38,000 after acquiring an additional 248 shares during the last quarter. Allworth Financial LP boosted its stake in Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after acquiring an additional 314 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Arcosa during the 4th quarter valued at $62,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Down 1.4%

Shares of NYSE:ACA opened at $122.35 on Friday. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. Arcosa, Inc. has a 1-year low of $81.91 and a 1-year high of $135.58. The company’s fifty day moving average is $118.48 and its two-hundred day moving average is $114.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The company had revenue of $571.70 million for the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. Equities analysts anticipate that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Announces Dividend

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

Wall Street Analyst Weigh In

ACA has been the topic of a number of research analyst reports. DA Davidson increased their price objective on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Texas Capital upgraded shares of Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. Oppenheimer initiated coverage on shares of Arcosa in a research note on Thursday, May 28th. They set an “outperform” rating and a $150.00 price objective on the stock. Finally, Barclays increased their price objective on shares of Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.33.

About Arcosa

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.