Handelsbanken Fonder AB Sells 8,500 Shares of Arcosa, Inc. $ACA

Handelsbanken Fonder AB lessened its position in Arcosa, Inc. (NYSE:ACA) by 51.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,000 shares of the company’s stock after selling 8,500 shares during the period. Handelsbanken Fonder AB’s holdings in Arcosa were worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its position in shares of Arcosa by 11.5% in the 4th quarter. CWM LLC now owns 923 shares of the company’s stock valued at $98,000 after acquiring an additional 95 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Arcosa by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,189 shares of the company’s stock valued at $1,190,000 after acquiring an additional 100 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of Arcosa by 15.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 787 shares of the company’s stock valued at $74,000 after acquiring an additional 107 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Arcosa by 0.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 40,083 shares of the company’s stock worth $4,281,000 after buying an additional 107 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Arcosa by 5.0% during the 4th quarter. M&T Bank Corp now owns 2,499 shares of the company’s stock worth $266,000 after buying an additional 118 shares during the period. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ACA shares. Texas Capital raised shares of Arcosa to a “strong-buy” rating in a report on Friday, March 27th. DA Davidson lifted their target price on shares of Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of Arcosa from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research downgraded shares of Arcosa from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of Arcosa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $132.50.

Arcosa Price Performance

Shares of Arcosa stock opened at $127.02 on Thursday. Arcosa, Inc. has a twelve month low of $81.91 and a twelve month high of $135.58. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $115.60 and a two-hundred day simple moving average of $113.10. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.38. Arcosa had a net margin of 7.88% and a return on equity of 8.52%. The business had revenue of $571.70 million during the quarter, compared to analysts’ expectations of $642.40 million. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Analysts forecast that Arcosa, Inc. will post 4.22 EPS for the current year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa’s payout ratio is presently 4.42%.

Arcosa Company 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.