Harbor Capital Advisors Inc. Boosts Stock Holdings in Arcosa, Inc. (NYSE:ACA)

Harbor Capital Advisors Inc. lifted its stake in shares of Arcosa, Inc. (NYSE:ACA) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,766 shares of the company’s stock after acquiring an additional 1,408 shares during the quarter. Arcosa accounts for 0.8% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 7th largest holding. Harbor Capital Advisors Inc. owned 0.40% of Arcosa worth $19,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of Arcosa by 1.1% in the third quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after buying an additional 22,258 shares during the last quarter. Geode Capital Management LLC boosted its stake in Arcosa by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock valued at $107,047,000 after purchasing an additional 16,032 shares during the period. Franklin Resources Inc. grew its holdings in Arcosa by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock valued at $74,214,000 after buying an additional 47,474 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Arcosa by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock worth $46,139,000 after buying an additional 6,673 shares during the period. Finally, Thornburg Investment Management Inc. lifted its holdings in shares of Arcosa by 7.6% during the second quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company’s stock worth $13,850,000 after buying an additional 11,735 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays started coverage on shares of Arcosa in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price on the stock.

Arcosa Price Performance

Shares of ACA stock traded down $3.17 on Friday, reaching $91.82. The company had a trading volume of 68,335 shares, compared to its average volume of 176,698. The business’s 50-day moving average is $103.13 and its 200 day moving average is $93.71. Arcosa, Inc. has a one year low of $72.75 and a one year high of $113.43. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $4.48 billion, a PE ratio of 34.91 and a beta of 0.76.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. During the same period in the prior year, the business earned $0.73 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts forecast that Arcosa, Inc. will post 3.37 EPS for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Arcosa 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.