Cubist Systematic Strategies LLC Has $3.42 Million Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Cubist Systematic Strategies LLC increased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 62,983.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,004 shares of the company’s stock after purchasing an additional 40,939 shares during the quarter. Cubist Systematic Strategies LLC owned 0.08% of Arcosa worth $3,420,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in shares of Arcosa during the second quarter worth $25,000. ICA Group Wealth Management LLC bought a new stake in Arcosa in the 4th quarter valued at $33,000. Scarborough Advisors LLC acquired a new position in Arcosa in the 4th quarter worth $42,000. Innealta Capital LLC bought a new position in Arcosa during the 2nd quarter worth about $69,000. Finally, Covestor Ltd raised its stake in shares of Arcosa by 38.8% in the 1st quarter. Covestor Ltd now owns 888 shares of the company’s stock valued at $77,000 after purchasing an additional 248 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

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

Arcosa Price Performance

NYSE:ACA opened at $94.50 on Friday. Arcosa, Inc. has a 52-week low of $61.98 and a 52-week 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 company has a debt-to-equity ratio of 0.29, a quick ratio of 1.36 and a current ratio of 2.31. The stock’s 50-day simple moving average is $87.89 and its 200 day simple moving average is $85.14.

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

Arcosa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 6.85%.

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.