Cerity Partners LLC Increases Stock Position in Arcosa, Inc. (NYSE:ACA)

Cerity Partners LLC grew its position in shares of Arcosa, Inc. (NYSE:ACA) by 29.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,295 shares of the company’s stock after purchasing an additional 4,350 shares during the period. Cerity Partners LLC’s holdings in Arcosa were worth $1,828,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stonegate Investment Group LLC boosted its stake in Arcosa by 3.6% during the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock valued at $293,000 after buying an additional 108 shares during the last quarter. Xponance Inc. boosted its position in shares of Arcosa by 4.4% during the 2nd quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after acquiring an additional 130 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Arcosa by 1.1% in the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after purchasing an additional 146 shares in the last quarter. Arizona State Retirement System increased its position in Arcosa by 1.5% in the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after purchasing an additional 195 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in Arcosa by 5.5% during the second quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock valued at $371,000 after purchasing an additional 233 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACA. Oppenheimer boosted their target price on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Stephens upgraded 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. Finally, Barclays began coverage on Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price for the company.

Insider Activity

In related news, Director Steven J. Demetriou purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the purchase, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. The trade was a 152.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Arcosa Price Performance

ACA stock opened at $108.57 on Tuesday. The stock has a market cap of $5.30 billion, a PE ratio of 41.28 and a beta of 0.71. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The company has a 50-day moving average price of $98.72 and a 200 day moving average price of $90.59. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last announced its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) 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 business had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.18%. Arcosa’s payout ratio is 7.60%.

About Arcosa

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.