Harel Insurance Investments & Financial Services Ltd. Has $26,000 Holdings in Arcosa, Inc. (NYSE:ACA)

Harel Insurance Investments & Financial Services Ltd. decreased its position in Arcosa, Inc. (NYSE:ACA) by 55.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 265 shares of the company’s stock after selling 331 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Arcosa were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company’s stock valued at $187,756,000 after purchasing an additional 22,258 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $107,047,000 after acquiring an additional 16,032 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Arcosa by 6.5% in the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after acquiring an additional 47,474 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Arcosa by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 553,157 shares of the company’s stock worth $46,139,000 after acquiring an additional 6,673 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Arcosa by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company’s stock valued at $19,035,000 after purchasing an additional 1,408 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Price Performance

NYSE ACA opened at $100.13 on Monday. The firm has a market cap of $4.88 billion, a P/E ratio of 38.07 and a beta of 0.76. The stock’s 50-day moving average is $102.23 and its two-hundred day moving average is $95.07. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $640.40 million during the quarter, compared to analyst estimates of $682.52 million. During the same period in the previous year, the company earned $0.73 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts anticipate that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced 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 is Wednesday, January 15th. This represents a $0.20 annualized dividend and a yield of 0.20%. Arcosa’s dividend payout ratio (DPR) is presently 7.60%.

Analyst Ratings Changes

Several research analysts have weighed in 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 target price on the stock. Oppenheimer increased their price objective on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th.

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.