Arcosa, Inc. (NYSE:ACA) is Harbor Capital Advisors Inc.’s 7th Largest Position

Harbor Capital Advisors Inc. lifted its position in Arcosa, Inc. (NYSE:ACA) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.8% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. Harbor Capital Advisors Inc.’s holdings in Arcosa were worth $19,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Algert Global LLC purchased a new position in Arcosa in the second quarter valued at $8,915,000. Jacobs Levy Equity Management Inc. purchased a new position in Arcosa during the third quarter worth about $8,327,000. HighTower Advisors LLC grew its holdings in shares of Arcosa by 969.5% in the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock valued at $6,812,000 after purchasing an additional 65,841 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Arcosa by 236.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock worth $8,766,000 after buying an additional 65,041 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Arcosa by 330.9% during the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after buying an additional 62,804 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays assumed coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective for the company.

Arcosa Stock Performance

Shares of ACA stock traded down $3.17 during midday trading on Friday, hitting $91.82. The company had a trading volume of 68,335 shares, compared to its average volume of 176,698. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 34.91 and a beta of 0.76. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company’s 50 day simple moving average is $103.13 and its 200 day simple moving average is $93.71. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43.

Arcosa (NYSE:ACA) last posted its quarterly earnings data 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 for 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%. Arcosa’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. Research analysts anticipate that Arcosa, Inc. will post 3.37 earnings per share for the current fiscal year.

Arcosa Announces Dividend

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

Arcosa Company 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.