Citigroup Inc. Purchases 25,689 Shares of Arcosa, Inc. (NYSE:ACA)

Citigroup Inc. lifted its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 60.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,524 shares of the company's stock after buying an additional 25,689 shares during the period. Citigroup Inc. owned approximately 0.14% of Arcosa worth $6,493,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Arcosa by 168.9% during 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 in the last quarter. TCW Group Inc. grew its holdings in shares of Arcosa by 72.9% in the 2nd quarter. TCW Group Inc. now owns 41,895 shares of the company's stock worth $3,494,000 after acquiring an additional 17,658 shares during the last quarter. Boston Partners raised its position in shares of Arcosa by 272.6% during the first 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 period. Public Sector Pension Investment Board raised its position in shares of 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 purchased a new stake in shares of Arcosa during the second quarter valued at $614,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Stock Performance

NYSE ACA traded up $1.27 during midday trading on Friday, hitting $108.64. The company had a trading volume of 125,076 shares, compared to its average volume of 275,311. The firm has a fifty day simple moving average of $98.41 and a two-hundred day simple moving average of $90.43. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 41.31 and a beta of 0.71. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $682.52 million. During the same period in the previous year, the company posted $0.73 earnings per share. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal 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%.

Analyst Ratings Changes

Several research firms have issued reports on ACA. Barclays initiated coverage on Arcosa in a report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 price objective on the stock. Oppenheimer increased their target price on Arcosa from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Finally, Stephens upgraded Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 price target on the stock in a report on Wednesday, August 7th.

Insider Activity

In other news, Director Steven J. Demetriou purchased 6,000 shares of Arcosa stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the transaction, the director now directly owns 9,943 shares in the company, valued at approximately $872,001.10. This represents a 152.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.30% of the company's stock.

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.