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

Verition Fund Management LLC lessened its stake in shares of Arcosa, Inc. (NYSE:ACA) by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,057 shares of the company’s stock after selling 74,343 shares during the quarter. Verition Fund Management LLC owned approximately 0.42% of Arcosa worth $22,014,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Arcosa by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company’s stock valued at $246,976,000 after purchasing an additional 13,059 shares during the period. Capital International Investors lifted its stake 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 acquiring an additional 15,956 shares during the period. State Street Corp lifted its stake 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 acquiring an additional 36,852 shares during the period. Capital World Investors lifted its stake 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 acquiring an additional 80,000 shares during the period. Finally, Royce & Associates LP lifted its stake 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 acquiring an additional 4,652 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Oppenheimer assumed coverage on Arcosa in a research note on Thursday, May 28th. They issued an “outperform” rating and a $150.00 price target for the company. Weiss Ratings lowered Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Texas Capital raised Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. Zacks Research lowered Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Finally, Barclays raised their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.33.

Arcosa Stock Performance

Shares of Arcosa stock opened at $128.78 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $6.32 billion, a P/E ratio of 28.43, a P/E/G ratio of 1.90 and a beta of 1.06. The business has a fifty day simple moving average of $121.03 and a two-hundred day simple moving average of $115.37. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $135.58.

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

Arcosa Announces Dividend

The firm also recently disclosed 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. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, July 15th. Arcosa’s dividend payout ratio (DPR) is presently 4.42%.

Arcosa Company 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.