Loomis Sayles & Co. L P Has $87.18 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Loomis Sayles & Co. L P lowered its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.8% during the third quarter, Holdings Channel reports. The firm owned 919,999 shares of the company’s stock after selling 17,147 shares during the period. Loomis Sayles & Co. L P’s holdings in Arcosa were worth $87,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC lifted its position in shares of Arcosa by 168.9% in the second quarter. SG Americas Securities LLC now owns 17,960 shares of the company’s stock worth $1,498,000 after buying an additional 11,280 shares during the last quarter. TCW Group Inc. raised its stake in shares of Arcosa by 72.9% in the 2nd quarter. TCW Group Inc. now owns 41,895 shares of the company’s stock valued at $3,494,000 after acquiring an additional 17,658 shares in the last quarter. Boston Partners lifted its holdings in Arcosa by 272.6% in the 1st quarter. Boston Partners now owns 220,961 shares of the company’s stock worth $18,947,000 after purchasing an additional 161,662 shares during the last quarter. Public Sector Pension Investment Board boosted its position in Arcosa by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 106,881 shares of the company’s stock worth $8,915,000 after purchasing an additional 6,934 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Arcosa during the second quarter valued at approximately $614,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In other Arcosa news, Director Steven J. Demetriou bought 6,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the acquisition, the director now owns 9,943 shares of the company’s stock, valued at approximately $872,001.10. This trade represents a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ACA shares. Oppenheimer boosted their price objective on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 target price on the stock. Finally, Stephens upgraded shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 price target for the company in a report on Wednesday, August 7th.

Arcosa Stock Up 2.1 %

ACA opened at $110.58 on Monday. The business has a 50 day moving average of $96.78 and a 200-day moving average of $89.71. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 42.05 and a beta of 0.71. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $111.10.

Arcosa (NYSE:ACA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. The firm had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. As a group, sell-side analysts anticipate that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

About Arcosa

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.