Boston Partners purchased a new stake in Arcosa, Inc. (NYSE:ACA – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,241 shares of the company’s stock, valued at approximately $448,000.
Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in Arcosa by 253.8% in the third quarter. Quadrant Capital Group LLC now owns 513 shares of the company’s stock valued at $29,000 after purchasing an additional 368 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Arcosa in the first quarter valued at approximately $59,000. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Arcosa in the fourth quarter valued at approximately $72,000. Strs Ohio boosted its holdings in shares of Arcosa by 114.3% in the third quarter. Strs Ohio now owns 1,500 shares of the company’s stock valued at $85,000 after acquiring an additional 800 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Arcosa in the second quarter valued at approximately $133,000. 88.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
ACA has been the subject of several research analyst reports. Loop Capital increased their price objective on Arcosa from $75.00 to $80.00 in a report on Monday, May 1st. Oppenheimer increased their price target on Arcosa from $75.00 to $85.00 in a report on Monday. Finally, DA Davidson increased their price target on Arcosa from $80.00 to $85.00 in a report on Monday, May 1st.
Arcosa Trading Up 0.6 %
Arcosa (NYSE:ACA – Get Rating) last released its quarterly earnings data on Friday, April 28th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.56. The firm had revenue of $549.20 million during the quarter, compared to analysts’ expectations of $499.16 million. Arcosa had a return on equity of 6.52% and a net margin of 12.47%. Arcosa’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 2.45 earnings per share for the current fiscal year.
Arcosa Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, April 13th. Arcosa’s payout ratio is 3.47%.
About Arcosa
Arcosa, Inc engages in the provision of infrastructure-related products and services. It operates through the following segments: Construction Products, Energy Equipment, and Transportation Products. The Construction Products segment produces and sells construction aggregates, and manufactures and sells trench shields and shoring products and services for infrastructure-related projects.
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