Verition Fund Management LLC Reduces Stock Holdings in Arcosa, Inc. $ACA

Verition Fund Management LLC trimmed its position in Arcosa, Inc. (NYSE:ACA) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 207,057 shares of the company’s stock after selling 74,343 shares during the period. Verition Fund Management LLC’s holdings in Arcosa were worth $22,014,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Arcosa by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock worth $246,976,000 after purchasing an additional 13,059 shares during the last quarter. Capital International Investors boosted its position in Arcosa by 0.7% in the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company’s stock worth $238,607,000 after purchasing an additional 15,956 shares during the last quarter. State Street Corp boosted its position in Arcosa by 1.9% in the fourth quarter. State Street Corp now owns 1,948,344 shares of the company’s stock worth $207,148,000 after purchasing an additional 36,852 shares during the last quarter. Capital World Investors boosted its position in Arcosa by 5.0% in the fourth quarter. Capital World Investors now owns 1,680,000 shares of the company’s stock worth $178,618,000 after purchasing an additional 80,000 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Arcosa by 0.4% in the third quarter. Royce & Associates LP now owns 1,267,091 shares of the company’s stock worth $118,739,000 after purchasing an additional 4,652 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Down 0.6%

NYSE ACA opened at $128.78 on Tuesday. The stock’s 50 day moving average is $121.03 and its 200 day moving average is $115.37. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $135.58. The stock has a market cap of $6.32 billion, a PE ratio of 28.43, a P/E/G ratio of 1.90 and a beta of 1.06.

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

Arcosa Dividend Announcement

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

Wall Street Analysts Forecast Growth

ACA has been the topic of several research reports. Oppenheimer started coverage on Arcosa in a research report on Thursday, May 28th. They issued an “outperform” rating and a $150.00 target price on the stock. Texas Capital raised Arcosa to a “strong-buy” rating in a research report on Friday, March 27th. Zacks Research cut Arcosa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Wall Street Zen raised Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Arcosa currently has a consensus rating of “Moderate Buy” and an average price target of $138.33.

Arcosa Profile

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.