Pacific Capital Partners Ltd Has $3.91 Million Position in Arcosa, Inc. $ACA

Pacific Capital Partners Ltd trimmed its stake in shares of Arcosa, Inc. (NYSE:ACA) by 27.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,750 shares of the company’s stock after selling 15,750 shares during the quarter. Arcosa accounts for 4.4% of Pacific Capital Partners Ltd’s portfolio, making the stock its 7th largest holding. Pacific Capital Partners Ltd’s holdings in Arcosa were worth $3,912,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ACA. First Horizon Corp acquired a new position in shares of Arcosa in the 3rd quarter worth approximately $32,000. Salomon & Ludwin LLC acquired a new stake in Arcosa in the 3rd quarter valued at $33,000. Trust Co. of Toledo NA OH bought a new stake in Arcosa in the second quarter valued at $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Arcosa in the second quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC raised its stake in Arcosa by 77.2% during the second quarter. EverSource Wealth Advisors LLC now owns 739 shares of the company’s stock worth $64,000 after acquiring an additional 322 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Performance

ACA stock opened at $111.01 on Wednesday. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.25. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.44 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The business’s fifty day moving average is $106.40 and its 200-day moving average is $97.78.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.23. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The business had revenue of $797.80 million during the quarter, compared to analysts’ expectations of $782.76 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities research analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s dividend payout ratio is 6.62%.

Wall Street Analysts Forecast Growth

ACA has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Arcosa in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Arcosa from a “buy” rating to a “hold” rating in a report on Saturday. Barclays lifted their price target on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 3rd. Finally, Zacks Research lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Arcosa presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.50.

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.