UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.82 Million Position in Arcosa, Inc. $ACA

Key Points

• UBS Asset Management reduced its Arcosa stake by 7.3% in the second quarter, selling 7,991 shares and retaining 101,997 shares valued at approximately $14.82 million. Institutional investors collectively own 90.66% of the company.
• Arcosa reported second-quarter EPS of $1.13, below the $1.18 analyst consensus, while revenue of $658.7 million also missed estimates and declined 10.6% year over year.
• Analysts have a consensus “Hold” rating on Arcosa, with an average price target of $141.25. The company declared a quarterly dividend of $0.05 per share, equivalent to a 0.1% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,997 shares of the company's stock after selling 7,991 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Arcosa worth $14,819,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Arcosa in the 2nd quarter valued at $1,222,486,000. Franklin Resources Inc. increased its position in Arcosa by 2,770.5% during the fourth quarter. Franklin Resources Inc. now owns 736,018 shares of the company's stock worth $78,253,000 after buying an additional 710,377 shares during the last quarter. Pentwater Capital Management LP bought a new position in Arcosa during the second quarter valued at about $95,891,000. Norges Bank bought a new position in Arcosa during the fourth quarter valued at about $68,225,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Arcosa in the second quarter worth about $50,804,000. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Up 0.0%

Shares of ACA stock opened at $145.55 on Friday. Arcosa, Inc. has a 12 month low of $89.03 and a 12 month high of $146.92. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The firm has a market cap of $7.15 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.19 and a beta of 1.07. The stock has a 50 day moving average of $145.14 and a 200-day moving average of $128.43.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $658.70 million during the quarter, compared to analyst estimates of $687.50 million. Arcosa had a return on equity of 7.90% and a net margin of 17.90%.The company's revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. On average, equities analysts predict that Arcosa, Inc. will post 4.16 EPS for the current year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given 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 dividend yield of 0.1%. Arcosa's dividend payout ratio is currently 2.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ACA shares. Texas Capital downgraded Arcosa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Weiss Ratings raised Arcosa from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Stephens set a $150.00 price target on Arcosa in a report on Thursday, August 6th. Citigroup lowered shares of Arcosa to a "hold" rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Arcosa from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $141.25.

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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