Arcosa, Inc. $ACA Shares Sold by Pacific Capital Partners Ltd

Pacific Capital Partners Ltd cut its stake in Arcosa, Inc. (NYSE:ACA) by 76.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,750 shares of the company’s stock after selling 32,000 shares during the quarter. Arcosa comprises about 1.1% of Pacific Capital Partners Ltd’s portfolio, making the stock its 25th largest holding. Pacific Capital Partners Ltd’s holdings in Arcosa were worth $1,037,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ACA. Norges Bank purchased a new position in shares of Arcosa during the second quarter worth about $49,475,000. Capital International Investors lifted its holdings in shares of Arcosa by 28.3% in the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after purchasing an additional 491,165 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Arcosa in the 3rd quarter valued at about $37,035,000. Bank of America Corp DE boosted its position in shares of Arcosa by 80.5% in the 2nd quarter. Bank of America Corp DE now owns 465,140 shares of the company’s stock valued at $40,332,000 after purchasing an additional 207,457 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Arcosa by 25.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company’s stock worth $66,208,000 after buying an additional 154,172 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Performance

NYSE ACA opened at $102.10 on Tuesday. The firm has a market cap of $5.01 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.35 and a beta of 1.01. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $131.00. The business’s 50-day moving average price is $114.79 and its 200 day moving average price is $106.22. The company has a quick ratio of 1.35, a current ratio of 2.20 and a debt-to-equity ratio of 0.57.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, February 26th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The firm had revenue of $716.70 million during the quarter, compared to the consensus estimate of $719.46 million. During the same period in the prior year, the business earned $0.46 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, April 15th. Arcosa’s dividend payout ratio is 4.72%.

Analyst Ratings Changes

ACA has been the topic of several research analyst reports. Weiss Ratings raised Arcosa from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, March 17th. Wall Street Zen lowered shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, DA Davidson lifted their target price on shares of Arcosa from $120.00 to $125.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.00.

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.