Jane Street Group LLC Boosts Stake in Arcosa, Inc. (NYSE:ACA)

Jane Street Group LLC boosted its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 33.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,952 shares of the company's stock after buying an additional 22,989 shares during the quarter. Jane Street Group LLC owned 0.19% of Arcosa worth $8,713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SG Americas Securities LLC raised its holdings in shares of 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 purchasing an additional 11,280 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Arcosa by 1,836.6% during the 2nd quarter. Blue Trust Inc. now owns 3,544 shares of the company's stock valued at $304,000 after buying an additional 3,361 shares during the last quarter. TCW Group Inc. lifted 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 valued at $3,494,000 after buying an additional 17,658 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Arcosa by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 24,400 shares of the company's stock worth $2,035,000 after buying an additional 300 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Arcosa by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 456,066 shares of the company's stock worth $38,040,000 after acquiring an additional 9,602 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Price Performance

ACA stock traded up $1.14 during mid-day trading on Friday, reaching $109.14. 230,601 shares of the company's stock were exchanged, compared to its average volume of 240,367. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 41.50 and a beta of 0.74. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The stock's 50 day moving average is $101.37 and its 200 day moving average is $91.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) 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 analysts' expectations of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. On average, research analysts expect that Arcosa, Inc. will post 3.37 EPS for the current year.

Arcosa Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Wednesday, January 15th. Arcosa's payout ratio is 7.60%.

Analyst Ratings Changes

Several equities research analysts have commented on ACA shares. Oppenheimer upped their price objective on Arcosa from $100.00 to $105.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Barclays began coverage on shares of Arcosa in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 target price for the company.

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.