SG Americas Securities LLC Sells 3,987 Shares of Arcosa, Inc. $ACA

SG Americas Securities LLC lessened its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 25.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,628 shares of the company’s stock after selling 3,987 shares during the period. SG Americas Securities LLC’s holdings in Arcosa were worth $1,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACA. Horizon Investments LLC bought a new stake in Arcosa during the 4th quarter worth about $1,925,000. Capital International Investors increased its position in Arcosa by 28.3% in the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company’s stock valued at $208,812,000 after acquiring an additional 491,165 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Arcosa in the fourth quarter worth about $2,564,000. Aptus Capital Advisors LLC raised its stake in shares of Arcosa by 15.1% in the third quarter. Aptus Capital Advisors LLC now owns 130,520 shares of the company’s stock worth $12,231,000 after acquiring an additional 17,166 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of Arcosa during the third quarter worth approximately $1,593,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Price Performance

Shares of ACA stock opened at $144.82 on Friday. The firm’s 50 day moving average price is $129.43 and its two-hundred day moving average price is $118.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.60 and a current ratio of 2.32. Arcosa, Inc. has a 52-week low of $81.91 and a 52-week high of $146.92. The stock has a market cap of $7.11 billion, a PE ratio of 31.97, a PEG ratio of 2.13 and a beta of 1.04.

Arcosa (NYSE:ACA) last issued its earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.13 by $0.38. The company had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. As a group, analysts forecast that Arcosa, Inc. will post 4.25 EPS for the current year.

Arcosa Dividend Announcement

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

Wall Street Analysts Forecast Growth

ACA has been the subject of a number of research reports. Oppenheimer lowered shares of Arcosa from an “outperform” rating to a “market perform” rating in a report on Friday, June 26th. Wall Street Zen upgraded Arcosa from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Citigroup lowered Arcosa to a “hold” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded Arcosa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings cut Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $138.33.

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.