46,700 Shares in Arcosa Inc (ACA) Acquired by Spark Investment Management LLC

Spark Investment Management LLC acquired a new stake in shares of Arcosa Inc (NYSE:ACA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,700 shares of the company’s stock, valued at approximately $1,426,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ACA. Mason Street Advisors LLC raised its holdings in shares of Arcosa by 3.1% in the 1st quarter. Mason Street Advisors LLC now owns 15,619 shares of the company’s stock worth $477,000 after acquiring an additional 475 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Arcosa in the 1st quarter worth about $357,000. Moors & Cabot Inc. acquired a new stake in shares of Arcosa in the 1st quarter worth about $259,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Arcosa by 1.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 73,015 shares of the company’s stock worth $2,231,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of Arcosa by 3.5% in the 1st quarter. Texas Permanent School Fund now owns 33,022 shares of the company’s stock worth $1,009,000 after acquiring an additional 1,110 shares during the last quarter. Institutional investors and hedge funds own 81.55% of the company’s stock.

In other news, major shareholder Valueact Capital Master Fund, sold 1,395,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $33.02, for a total transaction of $46,062,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on ACA shares. DA Davidson started coverage on shares of Arcosa in a report on Thursday, March 21st. They issued a “buy” rating and a $29.74 target price on the stock. Oppenheimer started coverage on shares of Arcosa in a research note on Monday, March 4th. They issued an “outperform” rating and a $40.00 price objective for the company. Stephens started coverage on shares of Arcosa in a research note on Monday, March 18th. They issued an “equal weight” rating for the company. Zacks Investment Research lowered shares of Arcosa from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Finally, ValuEngine upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $39.95.

NYSE:ACA opened at $36.37 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.51 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.72 billion and a price-to-earnings ratio of 19.98. Arcosa Inc has a 52 week low of $21.00 and a 52 week high of $38.65.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.26. The firm had revenue of $410.90 million during the quarter, compared to analysts’ expectations of $392.16 million. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Equities analysts forecast that Arcosa Inc will post 2.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, July 12th. Arcosa’s dividend payout ratio is currently 10.99%.

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Arcosa Profile

Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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