Arcosa, Inc. (NYSE:ACA) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp reduced its position in shares of Arcosa, Inc. (NYSE:ACA) by 5.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,839 shares of the company’s stock after selling 304 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Arcosa were worth $459,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Arcosa by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock worth $107,047,000 after purchasing an additional 16,032 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Arcosa during the 3rd quarter worth about $219,000. Barclays PLC boosted its stake in shares of Arcosa by 330.9% during the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after purchasing an additional 62,804 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Arcosa during the 3rd quarter worth about $328,000. Finally, Jane Street Group LLC boosted its stake in shares of Arcosa by 33.3% during the 3rd quarter. Jane Street Group LLC now owns 91,952 shares of the company’s stock worth $8,713,000 after purchasing an additional 22,989 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Trading Up 1.1 %

Shares of ACA stock opened at $109.14 on Monday. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The firm’s 50-day simple moving average is $101.37 and its 200-day simple moving average is $91.96. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The firm has a market cap of $5.32 billion, a P/E ratio of 41.50 and a beta of 0.74.

Arcosa (NYSE:ACA) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. During the same quarter last year, the firm posted $0.73 earnings per share. Arcosa’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Arcosa, Inc. will post 3.37 EPS for the current year.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.18%. Arcosa’s payout ratio is 7.60%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ACA. Oppenheimer raised their price target on shares of Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Barclays began coverage on shares of Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective on the stock.

Arcosa Company 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.