JPMorgan Chase & Co. Sells 7,357 Shares of Arcosa, Inc. (NYSE:ACA)

JPMorgan Chase & Co. decreased its position in Arcosa, Inc. (NYSE:ACAFree Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 420,035 shares of the company’s stock after selling 7,357 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.86% of Arcosa worth $39,803,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ACA. Point72 DIFC Ltd bought a new position in Arcosa in the 3rd quarter worth approximately $37,000. KBC Group NV grew its stake in shares of Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after acquiring an additional 242 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in Arcosa during the third quarter worth $206,000. Sawgrass Asset Management LLC bought a new position in Arcosa during the third quarter worth $215,000. Finally, M&T Bank Corp bought a new stake in Arcosa in the 3rd quarter valued at $219,000. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Performance

Arcosa stock opened at $98.53 on Monday. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The company’s 50-day moving average is $103.05 and its two-hundred day moving average is $93.52. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.81 billion, a PE ratio of 37.46 and a beta of 0.76.

Arcosa (NYSE:ACAGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. The business had revenue of $640.40 million during the quarter, compared to the consensus estimate of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Equities analysts anticipate that Arcosa, Inc. will post 3.37 earnings per share for the current year.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. Arcosa’s payout ratio is 7.60%.

Analyst Ratings Changes

Separately, Barclays initiated coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock.

Get Our Latest Analysis on Arcosa

Arcosa Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ACA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arcosa, Inc. (NYSE:ACAFree Report).

Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

Receive News & Ratings for Arcosa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arcosa and related companies with MarketBeat.com's FREE daily email newsletter.