Corient Private Wealth LP Takes $1.64 Million Position in Arcosa, Inc. $ACA

Key Points

• Corient Private Wealth bought 11,254 Arcosa shares worth approximately $1.64 million during the second quarter. Institutional investors collectively own 90.66% of the company.
• Arcosa’s latest quarterly results fell short of expectations, with EPS of $1.13 versus the $1.18 consensus estimate and revenue of $658.7 million, down 10.6% year over year.
• Analysts maintain a mixed outlook, resulting in a consensus “Hold” rating and a $141.25 average price target. Arcosa also declared a quarterly dividend of $0.05 per share, representing a 0.1% yield.

Corient Private Wealth LP purchased a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,254 shares of the company's stock, valued at approximately $1,635,000.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Arcosa during the 2nd quarter worth $1,222,486,000. Dimensional Fund Advisors LP increased its stake in Arcosa by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,322,901 shares of the company's stock valued at $246,976,000 after purchasing an additional 13,059 shares during the period. Capital International Investors raised its holdings in shares of Arcosa by 0.7% in the fourth quarter. Capital International Investors now owns 2,244,231 shares of the company's stock valued at $238,607,000 after buying an additional 15,956 shares during the last quarter. State Street Corp raised its holdings in shares of Arcosa by 1.9% in the fourth quarter. State Street Corp now owns 1,948,344 shares of the company's stock valued at $207,148,000 after buying an additional 36,852 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Arcosa by 25.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,707,884 shares of the company's stock valued at $181,583,000 after buying an additional 342,242 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Stock Up 0.0%

Shares of NYSE:ACA opened at $145.50 on Friday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.19 and a beta of 1.07. The firm's 50-day simple moving average is $145.12 and its 200-day simple moving average is $128.31. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. Arcosa, Inc. has a fifty-two week low of $89.03 and a fifty-two week high of $146.92.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.05). The firm had revenue of $658.70 million for the quarter, compared to analysts' expectations of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The company's revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 earnings per share. As a group, equities research analysts predict that Arcosa, Inc. will post 4.16 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa's payout ratio is currently 2.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ACA shares. Weiss Ratings raised Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, August 21st. Oppenheimer cut Arcosa from an "outperform" rating to a "market perform" rating in a research report on Friday, June 26th. Stephens set a $150.00 target price on Arcosa in a research note on Thursday, August 6th. Wall Street Zen raised Arcosa from a "sell" rating to a "hold" rating in a report on Saturday, May 30th. Finally, Zacks Research upgraded Arcosa from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Arcosa presently has an average rating of "Hold" and a consensus target price of $141.25.

Arcosa Profile

Arcosa, Inc NYSE: ACA is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries' construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company's Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.

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