Pacific Capital Partners Ltd Cuts Stock Holdings in Arcosa, Inc. $ACA

Key Points

• Pacific Capital Partners cut its stake by 76.6% in Arcosa in Q4, reducing ownership to 9,750 shares worth $1.04M; institutional ownership of Arcosa is high (90.66%), with large investors like Capital International and Norges Bank increasing positions.
• Arcosa beat quarterly EPS expectations ($1.15 vs. $0.95) while revenue of $716.7M was slightly below estimates and up 7.6% year‑over‑year; analysts project FY EPS of 3.23 and a consensus target price of $120 (Moderate Buy).
• Arcosa declared a quarterly dividend of $0.05 ($0.20 annual, 0.2% yield); the stock trades near $102 with a $5.01B market cap and a P/E of 24.08.

Pacific Capital Partners Ltd cut its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 76.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,750 shares of the company's stock after selling 32,000 shares during the period. Arcosa comprises about 1.1% of Pacific Capital Partners Ltd's holdings, making the stock its 25th largest holding. Pacific Capital Partners Ltd's holdings in Arcosa were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACA. Norges Bank purchased a new stake in Arcosa during the 2nd quarter worth about $49,475,000. Capital International Investors boosted its stake in shares of Arcosa by 28.3% in the 3rd quarter. Capital International Investors now owns 2,228,275 shares of the company's stock valued at $208,812,000 after buying an additional 491,165 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Arcosa in the 3rd quarter valued at about $37,035,000. Bank of America Corp DE grew its position in shares of Arcosa by 80.5% during the second quarter. Bank of America Corp DE now owns 465,140 shares of the company's stock worth $40,332,000 after buying an additional 207,457 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Arcosa by 25.3% during the second quarter. The Manufacturers Life Insurance Company now owns 763,557 shares of the company's stock worth $66,208,000 after buying an additional 154,172 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Trading Down 0.7%

NYSE:ACA opened at $102.10 on Tuesday. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $131.00. The stock has a market cap of $5.01 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.35 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.20. The stock has a 50-day simple moving average of $114.79 and a 200-day simple moving average of $106.22.

Arcosa (NYSE:ACA - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.20. The business had revenue of $716.70 million for the quarter, compared to analyst estimates of $719.46 million. Arcosa had a return on equity of 8.64% and a net margin of 7.23%.The business's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. As a group, analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa's dividend payout ratio (DPR) is presently 4.72%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ACA shares. Wall Street Zen cut shares of Arcosa from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. DA Davidson boosted their price target on shares of Arcosa from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Finally, Weiss Ratings raised shares of Arcosa from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Arcosa has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

Arcosa Company 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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