Harbor Capital Advisors Inc. Purchases 117,892 Shares of Arcosa, Inc. (NYSE:ACA)

Harbor Capital Advisors Inc. lifted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 152.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,358 shares of the company's stock after buying an additional 117,892 shares during the quarter. Arcosa makes up about 0.8% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 8th largest holding. Harbor Capital Advisors Inc. owned approximately 0.40% of Arcosa worth $18,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACA. Stonegate Investment Group LLC increased its holdings in shares of Arcosa by 3.6% in the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company's stock valued at $293,000 after acquiring an additional 108 shares during the last quarter. Xponance Inc. raised its position in shares of Arcosa by 4.4% during the 2nd quarter. Xponance Inc. now owns 3,073 shares of the company's stock worth $256,000 after purchasing an additional 130 shares during the period. Sei Investments Co. grew its position in shares of Arcosa by 1.1% during the second quarter. Sei Investments Co. now owns 13,495 shares of the company's stock worth $1,126,000 after acquiring an additional 146 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Arcosa by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 13,595 shares of the company's stock worth $1,134,000 after acquiring an additional 195 shares during the period. Finally, Evergreen Capital Management LLC boosted its position in shares of Arcosa by 5.5% during the second quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company's stock worth $371,000 after buying an additional 233 shares during the period. Institutional investors own 90.66% of the company's stock.

Insider Activity at Arcosa

In other Arcosa news, CEO Antonio Carrillo acquired 12,125 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $82.05 per share, with a total value of $994,856.25. Following the completion of the transaction, the chief executive officer now owns 406,275 shares in the company, valued at $33,334,863.75. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Antonio Carrillo bought 12,125 shares of the firm's stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $82.05 per share, with a total value of $994,856.25. Following the completion of the transaction, the chief executive officer now directly owns 406,275 shares of the company's stock, valued at $33,334,863.75. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Demetriou acquired 6,000 shares of Arcosa stock in a transaction dated Thursday, September 12th. The stock was purchased at an average price of $87.70 per share, with a total value of $526,200.00. Following the completion of the purchase, the director now directly owns 9,943 shares of the company's stock, valued at $872,001.10. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.30% of the company's stock.

Arcosa Trading Up 0.1 %

Shares of NYSE:ACA traded up $0.05 during mid-day trading on Friday, hitting $93.69. The stock had a trading volume of 229,678 shares, compared to its average volume of 200,660. Arcosa, Inc. has a 12-month low of $61.98 and a 12-month high of $97.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 3.61. The company has a market cap of $4.57 billion, a PE ratio of 35.62 and a beta of 0.71. The company's 50 day moving average is $91.85 and its 200-day moving average is $87.06.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $682.52 million. During the same period last year, the company posted $0.73 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that Arcosa, Inc. will post 3.6 EPS for the current year.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.21%. Arcosa's dividend payout ratio is 7.60%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Oppenheimer boosted their price target 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. Barclays started coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 price target for the company. Finally, Stephens raised shares of Arcosa from an "equal weight" rating to an "overweight" rating and set a $96.00 target price for the company in a research note on Wednesday, August 7th.

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.