Arcosa, Inc. $ACA Stock Sold by Consolidated Investment Group LLC

Consolidated Investment Group LLC reduced its stake in Arcosa, Inc. (NYSE:ACA) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,245 shares of the company’s stock after selling 7,000 shares during the period. Consolidated Investment Group LLC’s holdings in Arcosa were worth $6,905,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ACA. StoneX Group Inc. acquired a new stake in shares of Arcosa during the 3rd quarter worth about $255,000. Pictet Asset Management Holding SA boosted its holdings in shares of Arcosa by 9.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 7,609 shares of the company’s stock worth $1,112,000 after buying an additional 656 shares during the period. Parallel Advisors LLC grew its stake in Arcosa by 305.4% in the 3rd quarter. Parallel Advisors LLC now owns 454 shares of the company’s stock valued at $66,000 after buying an additional 342 shares during the last quarter. Heritage Family Offices LLP acquired a new position in Arcosa in the 3rd quarter valued at about $72,000. Finally, First Nebraska Trust Co acquired a new position in Arcosa in the 3rd quarter valued at about $992,000. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Performance

ACA opened at $149.21 on Tuesday. The business has a fifty day simple moving average of $147.05 and a 200 day simple moving average of $131.95. The company has a market capitalization of $7.33 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08. Arcosa, Inc. has a 1 year low of $91.40 and a 1 year high of $149.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.12 and a quick ratio of 2.31.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is presently 2.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stephens set a $150.00 price target on shares of Arcosa in a report on Thursday, August 6th. Weiss Ratings upgraded Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $141.25.

Arcosa Company Profile