Mercer Global Advisors Inc. ADV Invests $473,000 in Arcosa, Inc. (NYSE:ACA)

Mercer Global Advisors Inc. ADV purchased a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,890 shares of the company's stock, valued at approximately $473,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Arcosa by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock valued at $548,143,000 after buying an additional 14,207 shares during the period. Neuberger Berman Group LLC increased its position in Arcosa by 21.6% in the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock worth $291,831,000 after purchasing an additional 536,349 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Arcosa by 3.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock worth $164,721,000 after purchasing an additional 60,818 shares during the last quarter. Capital International Investors lifted its position in Arcosa by 42.5% during the 4th quarter. Capital International Investors now owns 888,559 shares of the company's stock valued at $85,959,000 after purchasing an additional 265,056 shares during the period. Finally, Norges Bank acquired a new position in Arcosa during the 4th quarter valued at about $73,178,000. Institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Separately, Oppenheimer upped their price target on Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th.

Arcosa Price Performance

Shares of ACA opened at $90.35 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The firm has a market capitalization of $4.41 billion, a PE ratio of 34.35 and a beta of 1.00. The stock has a 50 day simple moving average of $79.76 and a 200 day simple moving average of $92.89. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.20. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The company had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The firm's revenue was up 5.6% compared to the same quarter last year. Sell-side analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Tuesday, April 15th. Arcosa's payout ratio is presently 12.58%.

Arcosa 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.

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