Arcosa, Inc. (NYSE:ACA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 420,035 shares of the company's stock after selling 7,357 shares during the period. JPMorgan Chase & Co. owned approximately 0.86% of Arcosa worth $39,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACA. Harbor Capital Advisors Inc. boosted its holdings in Arcosa by 152.2% in the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company's stock worth $18,512,000 after purchasing an additional 117,892 shares during the last quarter. Algert Global LLC bought a new stake in shares of Arcosa in the second quarter worth $8,915,000. Jacobs Levy Equity Management Inc. purchased a new stake in Arcosa during the third quarter valued at $8,327,000. HighTower Advisors LLC lifted its holdings in 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 acquiring an additional 65,841 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Arcosa by 236.8% in the third quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company's stock worth $8,766,000 after purchasing an additional 65,041 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays assumed coverage on Arcosa in a research note on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 price objective for the company.

Arcosa Trading Down 0.8 %

ACA stock traded down $0.80 during mid-day trading on Monday, reaching $97.73. The company had a trading volume of 175,129 shares, compared to its average volume of 183,309. The firm has a 50 day moving average of $103.05 and a 200 day moving average of $93.52. 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, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The company has a market capitalization of $4.77 billion, a PE ratio of 37.16 and a beta of 0.76.

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, topping the consensus estimate of $0.78 by $0.13. The business 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%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 earnings per share. On average, equities analysts predict that Arcosa, Inc. will post 3.37 earnings per share for the current fiscal year.

Arcosa Announces Dividend

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

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.