Quadrant Capital Group LLC Increases Stock Position in Arcosa, Inc. (NYSE:ACA)

Quadrant Capital Group LLC raised its position in Arcosa, Inc. (NYSE:ACA) by 22.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,072 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Quadrant Capital Group LLC’s holdings in Arcosa were worth $89,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACA. Mariner LLC increased its position in Arcosa by 2.5% during the 3rd quarter. Mariner LLC now owns 7,090 shares of the company’s stock valued at $510,000 after purchasing an additional 176 shares during the period. Arizona State Retirement System boosted its position in shares of Arcosa by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 13,791 shares of the company’s stock worth $992,000 after purchasing an additional 186 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Arcosa by 3.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,273 shares of the company’s stock worth $451,000 after purchasing an additional 234 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Arcosa by 3.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,232 shares of the company’s stock worth $664,000 after buying an additional 307 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Arcosa by 2.1% in the fourth quarter. New York State Common Retirement Fund now owns 19,784 shares of the company’s stock worth $1,635,000 after acquiring an additional 399 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ACA shares. DA Davidson upped their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Oppenheimer boosted their price target on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Arcosa presently has an average rating of “Moderate Buy” and an average target price of $93.00.

Insider Buying and Selling

In related news, insider Kerry S. Cole sold 10,978 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total transaction of $973,858.38. Following the completion of the transaction, the insider now owns 18,527 shares in the company, valued at $1,643,530.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Arcosa Stock Performance

Shares of ACA opened at $87.30 on Friday. The business has a fifty day moving average of $82.88 and a 200 day moving average of $80.41. Arcosa, Inc. has a one year low of $61.98 and a one year high of $89.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.28 and a quick ratio of 1.36. The firm has a market capitalization of $4.24 billion, a P/E ratio of 29.90 and a beta of 0.69.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.52 by $0.21. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The firm had revenue of $598.60 million during the quarter, compared to analyst estimates of $580.06 million. During the same period in the prior year, the business posted $1.06 EPS. Arcosa’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 3.43 EPS for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.23%. Arcosa’s payout ratio is 6.85%.

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.