Rockefeller Capital Management L.P. Decreases Stock Holdings in Arcosa, Inc. $ACA

Rockefeller Capital Management L.P. lowered its stake in shares of Arcosa, Inc. (NYSE:ACA) by 52.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,163 shares of the company’s stock after selling 4,509 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Arcosa were worth $443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of Arcosa by 73.4% during the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Arcosa by 392.5% in the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock valued at $42,000 after buying an additional 314 shares in the last quarter. Quarry LP grew its position in shares of Arcosa by 160.0% in the 3rd quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after buying an additional 248 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Arcosa in the 4th quarter worth approximately $62,000. Finally, Danske Bank A S bought a new position in shares of Arcosa during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Oppenheimer cut shares of Arcosa from an “outperform” rating to a “market perform” rating in a research report on Friday, June 26th. Barclays lifted their price target on shares of Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Citigroup lowered Arcosa to a “hold” rating in a report on Tuesday, June 23rd. Texas Capital cut Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings downgraded Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Arcosa presently has a consensus rating of “Hold” and an average price target of $138.33.

Arcosa Stock Performance

Shares of NYSE ACA opened at $144.82 on Monday. The company has a 50 day simple moving average of $129.43 and a two-hundred day simple moving average of $118.70. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 2.13 and a beta of 1.04. The company has a current ratio of 2.32, a quick ratio of 1.60 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 12 month low of $81.91 and a 12 month high of $146.92.

Arcosa (NYSE:ACA) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. The firm had revenue of $571.70 million for the quarter, compared to analyst estimates of $642.40 million. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. As a group, analysts predict that Arcosa, Inc. will post 4.25 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Arcosa’s dividend payout ratio (DPR) is currently 4.42%.

Arcosa Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.