Intech Investment Management LLC Has $1.01 Million Position in Arcosa, Inc. (NYSE:ACA)

Intech Investment Management LLC boosted its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 116.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,620 shares of the company's stock after purchasing an additional 5,707 shares during the quarter. Intech Investment Management LLC's holdings in Arcosa were worth $1,006,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in Arcosa by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company's stock valued at $46,139,000 after buying an additional 6,673 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Arcosa by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company's stock valued at $38,040,000 after buying an additional 9,602 shares in the last quarter. Boston Partners lifted its stake in Arcosa by 272.6% in the first quarter. Boston Partners now owns 220,961 shares of the company's stock valued at $18,947,000 after buying an additional 161,662 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company's stock valued at $18,512,000 after buying an additional 117,892 shares in the last quarter. Finally, Thornburg Investment Management Inc. lifted its stake in Arcosa by 7.6% in the second quarter. Thornburg Investment Management Inc. now owns 166,128 shares of the company's stock valued at $13,850,000 after buying an additional 11,735 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Stephens raised shares of Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 price objective on the stock in a research report on Wednesday, August 7th. Barclays assumed coverage on shares of Arcosa in a research report on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 price objective on the stock. Finally, 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 report on Monday, August 19th.

Arcosa Stock Performance

Shares of ACA stock traded down $1.46 on Thursday, hitting $107.37. The company's stock had a trading volume of 178,451 shares, compared to its average volume of 241,202. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The stock's 50 day moving average is $97.86 and its 200-day moving average is $90.14. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The company has a market capitalization of $5.24 billion, a PE ratio of 40.83 and a beta of 0.71.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly 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. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business had revenue of $640.40 million for the quarter, compared to the consensus estimate of $682.52 million. During the same period in the prior year, the company posted $0.73 earnings per share. Arcosa's revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.19%. Arcosa's dividend payout ratio (DPR) is currently 7.60%.

Insider Transactions at Arcosa

In other Arcosa news, Director Steven J. Demetriou acquired 6,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the acquisition, the director now directly owns 9,943 shares in the company, valued at $872,001.10. This represents a 152.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

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.