SG Americas Securities LLC Sells 26,947 Shares of Arcosa, Inc. (NYSE:ACA)

SG Americas Securities LLC cut its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 77.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,758 shares of the company's stock after selling 26,947 shares during the quarter. SG Americas Securities LLC's holdings in Arcosa were worth $641,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Arcosa by 1.3% during the third quarter. Vanguard Group Inc. now owns 5,517,454 shares of the company's stock worth $396,705,000 after buying an additional 68,240 shares in the last quarter. State Street Corp grew its position in Arcosa by 2.1% during the first quarter. State Street Corp now owns 2,001,753 shares of the company's stock valued at $126,331,000 after acquiring an additional 41,957 shares during the period. Capital World Investors lifted its stake in shares of Arcosa by 19.0% during the first quarter. Capital World Investors now owns 1,881,470 shares of the company's stock worth $107,714,000 after purchasing an additional 300,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Arcosa by 7.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,128,796 shares of the company's stock worth $52,410,000 after purchasing an additional 79,024 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Arcosa by 3.8% during the first quarter. Geode Capital Management LLC now owns 925,293 shares of the company's stock worth $58,395,000 after purchasing an additional 34,080 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACA has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Arcosa from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. DA Davidson boosted their price objective on Arcosa from $90.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Arcosa currently has a consensus rating of "Moderate Buy" and an average target price of $90.00.

Arcosa Stock Performance

Shares of NYSE:ACA traded down $1.54 during trading on Thursday, hitting $82.06. 471,758 shares of the company traded hands, compared to its average volume of 212,750. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 25.17 and a beta of 0.66. The business's fifty day moving average is $82.58 and its 200-day moving average is $77.42. Arcosa, Inc. has a one year low of $57.56 and a one year high of $89.07. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.24.

Arcosa (NYSE:ACA - Get Free Report) last posted its earnings results on Friday, February 23rd. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.33 by $0.35. The company had revenue of $582.20 million during the quarter, compared to analyst estimates of $554.54 million. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The business's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, equities analysts predict that Arcosa, Inc. will post 3.38 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, April 12th. Arcosa's dividend payout ratio (DPR) is presently 6.13%.

About Arcosa

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.