Jane Street Group LLC Purchases 22,989 Shares of Arcosa, Inc. (NYSE:ACA)

Jane Street Group LLC lifted its position in shares of Arcosa, Inc. (NYSE:ACA) by 33.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,952 shares of the company’s stock after purchasing an additional 22,989 shares during the quarter. Jane Street Group LLC owned about 0.19% of Arcosa worth $8,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonegate Investment Group LLC lifted its position in Arcosa by 3.6% during the third quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock valued at $293,000 after buying an additional 108 shares during the period. Xponance Inc. lifted its position in Arcosa by 4.4% during the 2nd quarter. Xponance Inc. now owns 3,073 shares of the company’s stock valued at $256,000 after acquiring an additional 130 shares during the period. Sei Investments Co. boosted its stake in Arcosa by 1.1% during the second quarter. Sei Investments Co. now owns 13,495 shares of the company’s stock worth $1,126,000 after acquiring an additional 146 shares in the last quarter. Arizona State Retirement System grew its holdings in Arcosa by 1.5% in the second quarter. Arizona State Retirement System now owns 13,595 shares of the company’s stock worth $1,134,000 after purchasing an additional 195 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in shares of Arcosa by 5.5% during the second quarter. Evergreen Capital Management LLC now owns 4,444 shares of the company’s stock valued at $371,000 after purchasing an additional 233 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on ACA shares. Barclays initiated coverage on Arcosa in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price target on the stock. Oppenheimer increased their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th.

Arcosa Price Performance

Shares of ACA opened at $109.14 on Friday. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The company has a market capitalization of $5.32 billion, a P/E ratio of 41.50 and a beta of 0.74. The firm has a 50 day moving average of $101.37 and a 200 day moving average of $91.89. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

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

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is 7.60%.

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.