Algert Global LLC Acquires New Position in Arcosa, Inc. (NYSE:ACA)

Algert Global LLC acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 106,877 shares of the company’s stock, valued at approximately $8,915,000. Algert Global LLC owned approximately 0.22% of Arcosa as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Arcosa during the second quarter valued at approximately $25,000. ICA Group Wealth Management LLC purchased a new stake in Arcosa during the 4th quarter valued at $33,000. Scarborough Advisors LLC bought a new stake in shares of Arcosa in the 4th quarter worth $42,000. Innealta Capital LLC purchased a new position in shares of Arcosa in the second quarter worth $69,000. Finally, Covestor Ltd raised its stake in shares of Arcosa by 38.8% in the first quarter. Covestor Ltd now owns 888 shares of the company’s stock worth $77,000 after purchasing an additional 248 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on ACA shares. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price objective on the stock in a research report on Wednesday, August 7th. Oppenheimer raised their price target on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Insider Buying and Selling at Arcosa

In other Arcosa news, CEO Antonio Carrillo purchased 12,125 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at approximately $33,334,863.75. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Steven J. Demetriou purchased 6,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the acquisition, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Antonio Carrillo acquired 12,125 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, for a total transaction of $994,856.25. Following the purchase, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at $33,334,863.75. The disclosure for this purchase can be found here. 1.30% of the stock is owned by corporate insiders.

Arcosa Stock Performance

ACA stock opened at $94.50 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. Arcosa, Inc. has a 1 year low of $61.98 and a 1 year high of $96.47. The company has a market cap of $4.59 billion, a P/E ratio of 32.36 and a beta of 0.72. The stock’s fifty day moving average price is $87.89 and its 200-day moving average price is $85.14.

Arcosa (NYSE:ACA) last announced its earnings results on Thursday, August 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The business had revenue of $664.70 million for the quarter, compared to analysts’ expectations of $661.54 million. Arcosa had a return on equity of 6.35% and a net margin of 6.05%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. On average, equities analysts forecast that Arcosa, Inc. will post 3.39 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.21%. Arcosa’s dividend payout ratio (DPR) is 6.85%.

Arcosa 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.