Hsbc Holdings PLC Sells 3,746 Shares of Arcosa, Inc. $ACA

Hsbc Holdings PLC reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 17.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,803 shares of the company’s stock after selling 3,746 shares during the quarter. Hsbc Holdings PLC’s holdings in Arcosa were worth $1,895,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ACA. Farther Finance Advisors LLC lifted its holdings in Arcosa by 73.4% during the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Quarry LP grew its stake in Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares in the last quarter. Allworth Financial LP increased its position in shares of Arcosa by 392.5% during the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Arcosa during the fourth quarter worth approximately $62,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Arcosa by 77.2% during the second quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock valued at $64,000 after acquiring an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Up 0.0%

NYSE:ACA traded up $0.06 during trading hours on Friday, reaching $145.03. The company’s stock had a trading volume of 380,776 shares, compared to its average volume of 1,042,493. The company has a market capitalization of $7.12 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 2.13 and a beta of 1.04. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $146.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. The stock has a 50 day moving average price of $132.05 and a two-hundred day moving average price of $119.87.

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

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio is presently 4.42%.

Wall Street Analyst Weigh In

ACA has been the subject of a number of research reports. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Citigroup lowered Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Zacks Research raised Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Barclays raised their price target on Arcosa from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.