SG Americas Securities LLC Grows Stake in Arcosa, Inc. $ACA

SG Americas Securities LLC grew its stake in shares of Arcosa, Inc. (NYSE:ACA) by 25.2% during the second quarter, HoldingsChannel reports. The firm owned 13,706 shares of the company’s stock after buying an additional 2,756 shares during the period. SG Americas Securities LLC’s holdings in Arcosa were worth $1,188,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ACA. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Arcosa during the 2nd quarter valued at about $93,040,000. Nuveen LLC acquired a new stake in Arcosa in the first quarter valued at approximately $33,982,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Arcosa by 17.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company’s stock valued at $153,719,000 after purchasing an additional 290,523 shares during the period. Neuberger Berman Group LLC lifted its position in shares of Arcosa by 3.5% during the first quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company’s stock worth $240,884,000 after purchasing an additional 105,473 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Arcosa by 193.8% during the first quarter. Jane Street Group LLC now owns 105,243 shares of the company’s stock worth $8,116,000 after purchasing an additional 69,427 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Trading Up 3.2%

NYSE:ACA opened at $102.61 on Friday. 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 business’s 50 day moving average is $95.36 and its two-hundred day moving average is $92.09. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The company has a market cap of $5.03 billion, a PE ratio of 33.98, a P/E/G ratio of 1.45 and a beta of 1.01.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a return on equity of 7.46% and a net margin of 5.25%.The business had revenue of $515.10 million during the quarter. On average, analysts predict that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 6.62%.

Analyst Ratings Changes

ACA has been the topic of several analyst reports. Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. DA Davidson raised their target price on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a research note on Wednesday. Wall Street Zen raised Arcosa from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays lifted their price objective on Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Four 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 an average rating of “Moderate Buy” and an average target price of $115.00.

Arcosa Company 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.