Arcosa, Inc. (NYSE:ACA) Shares Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its holdings in Arcosa, Inc. (NYSE:ACA) by 52.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,370 shares of the company’s stock after purchasing an additional 9,089 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Arcosa were worth $2,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Arcosa by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock valued at $458,620,000 after buying an additional 32,164 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Arcosa by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock valued at $46,139,000 after acquiring an additional 6,673 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Arcosa by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company’s stock valued at $38,040,000 after purchasing an additional 9,602 shares during the period. First Trust Advisors LP grew its stake in Arcosa by 17.7% during the 4th quarter. First Trust Advisors LP now owns 374,782 shares of the company’s stock worth $30,972,000 after purchasing an additional 56,451 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Arcosa by 6.9% during the 1st quarter. Russell Investments Group Ltd. now owns 294,928 shares of the company’s stock worth $25,323,000 after purchasing an additional 18,967 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In related news, CEO Antonio Carrillo purchased 12,125 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the completion of the sale, the insider now directly owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Antonio Carrillo purchased 12,125 shares of Arcosa stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $82.05 per share, with a total value of $994,856.25. Following the transaction, the chief executive officer now owns 406,275 shares in the company, valued at $33,334,863.75. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Arcosa Stock Performance

NYSE:ACA opened at $94.68 on Tuesday. The firm has a market capitalization of $4.60 billion, a PE ratio of 32.42 and a beta of 0.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. The business’s fifty day moving average price is $87.99 and its 200 day moving average price is $85.26. Arcosa, Inc. has a 12 month low of $61.98 and a 12 month high of $96.47.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $664.70 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.76 EPS. On average, sell-side analysts anticipate that Arcosa, Inc. will post 3.39 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.