Court Place Advisors LLC Sells 859 Shares of Arcosa, Inc. (NYSE:ACA)

Court Place Advisors LLC decreased its position in shares of Arcosa, Inc. (NYSE:ACA) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,905 shares of the company’s stock after selling 859 shares during the quarter. Court Place Advisors LLC’s holdings in Arcosa were worth $1,562,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ACA. First Eagle Investment Management LLC raised its stake in Arcosa by 39.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 98,456 shares of the company’s stock valued at $7,079,000 after purchasing an additional 28,027 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Arcosa by 22.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 63,976 shares of the company’s stock worth $4,600,000 after acquiring an additional 11,878 shares in the last quarter. FMR LLC increased its stake in shares of Arcosa by 224.6% in the 3rd quarter. FMR LLC now owns 69,963 shares of the company’s stock valued at $5,030,000 after purchasing an additional 48,411 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Arcosa in the 3rd quarter worth about $1,271,000. Finally, Vanguard Group Inc. boosted its position in Arcosa by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,517,454 shares of the company’s stock worth $396,705,000 after purchasing an additional 68,240 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Oppenheimer upped their target price on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. DA Davidson upped their price target on shares of Arcosa from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Arcosa Trading Down 2.7 %

Shares of ACA stock traded down $2.15 during trading on Wednesday, hitting $76.87. 262,405 shares of the stock traded hands, compared to its average volume of 211,943. Arcosa, Inc. has a 52-week low of $57.74 and a 52-week high of $89.07. The firm has a market capitalization of $3.73 billion, a P/E ratio of 23.58 and a beta of 0.66. The firm’s fifty day moving average price is $82.79 and its 200-day moving average price is $77.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.12 and a quick ratio of 1.18.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.35. Arcosa had a net margin of 6.90% and a return on equity of 6.90%. The firm had revenue of $582.20 million for the quarter, compared to analyst estimates of $554.54 million. During the same period in the previous year, the firm earned $0.24 EPS. Arcosa’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, April 12th. Arcosa’s payout ratio is 6.13%.

Arcosa Profile

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.