UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,991 Shares of Arcosa, Inc. $ACA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 7.3% in the second quarter, Holdings Channel.com reports. The fund owned 101,997 shares of the company’s stock after selling 7,991 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Arcosa were worth $14,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Wyoming bought a new position in Arcosa during the first quarter worth about $30,000. GHP Investment Advisors Inc. bought a new stake in shares of Arcosa in the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC raised its holdings in shares of Arcosa by 73.4% in the 4th quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock worth $33,000 after buying an additional 130 shares in the last quarter. Quarry LP raised its holdings 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 in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Arcosa by 392.5% during the 4th quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after buying an additional 314 shares during the period. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of Arcosa stock opened at $145.55 on Friday. The firm has a fifty day moving average of $145.14 and a two-hundred day moving average of $128.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 3.12. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.19 and a beta of 1.07. Arcosa, Inc. has a 52 week low of $89.03 and a 52 week high of $146.92.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.05). The company had revenue of $658.70 million for the quarter, compared to analyst estimates of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. As a group, equities research analysts predict that Arcosa, Inc. will post 4.16 EPS for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 annualized dividend and a yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is presently 2.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ACA shares. Citigroup cut Arcosa to a “hold” rating in a research report on Tuesday, June 23rd. Texas Capital lowered shares of Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Stephens set a $150.00 target price on shares of Arcosa in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Arcosa from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Finally, Zacks Research raised shares of Arcosa from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $141.25.

About Arcosa

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.