Arcosa, Inc. (NYSE:ACA) Stake Reduced by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. trimmed its stake in Arcosa, Inc. (NYSE:ACAFree Report) by 55.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 265 shares of the company’s stock after selling 331 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Arcosa were worth $26,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Arcosa by 2.8% during the second quarter. American Century Companies Inc. now owns 12,449 shares of the company’s stock worth $1,038,000 after buying an additional 339 shares during the period. Renaissance Technologies LLC bought a new position in shares of Arcosa in the second quarter worth $1,902,000. Sei Investments Co. increased its holdings in shares of Arcosa by 1.1% during the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock valued at $1,126,000 after purchasing an additional 146 shares during the period. Xponance Inc. raised its stake in shares of Arcosa by 4.4% during the second quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after purchasing an additional 130 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in Arcosa by 62,983.1% in the second quarter. Cubist Systematic Strategies LLC now owns 41,004 shares of the company’s stock worth $3,420,000 after purchasing an additional 40,939 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays started coverage on shares of Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock. Oppenheimer boosted their target price on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th.

View Our Latest Report on Arcosa

Arcosa Price Performance

Shares of NYSE ACA opened at $100.13 on Monday. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $102.23 and a two-hundred day moving average of $95.07. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 38.07 and a beta of 0.76.

Arcosa (NYSE:ACAGet Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. As a group, analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa’s payout ratio is 7.60%.

Arcosa Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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