Worth Asset Management LLC Has $666,000 Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Worth Asset Management LLC lessened its stake in shares of Arcosa, Inc. (NYSE:ACA) by 6.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,885 shares of the company’s stock after selling 500 shares during the period. Worth Asset Management LLC’s holdings in Arcosa were worth $666,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ACA. Harbor Capital Advisors Inc. lifted its stake in shares of Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after buying an additional 117,892 shares in the last quarter. Algert Global LLC bought a new position in shares of Arcosa in the second quarter valued at approximately $8,915,000. Jacobs Levy Equity Management Inc. bought a new position in Arcosa in the 3rd quarter valued at $8,327,000. HighTower Advisors LLC increased its holdings in Arcosa by 969.5% during the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after buying an additional 65,841 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Arcosa by 236.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock worth $8,766,000 after purchasing an additional 65,041 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays initiated coverage on Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price objective for the company.

Arcosa Price Performance

Shares of Arcosa stock traded down $0.15 on Wednesday, reaching $94.93. The stock had a trading volume of 58,443 shares, compared to its average volume of 165,768. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.63 billion, a P/E ratio of 36.10 and a beta of 0.76. The business’s 50 day moving average is $103.11 and its two-hundred day moving average is $93.70.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same quarter last year, the firm posted $0.73 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Arcosa, Inc. will post 3.37 EPS for the current year.

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is currently 7.60%.

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.