Legato Capital Management LLC Takes $552,000 Position in Arcosa, Inc. $ACA

Legato Capital Management LLC purchased a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,196 shares of the company’s stock, valued at approximately $552,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in Arcosa by 73.4% in the fourth quarter. Farther Finance Advisors LLC now owns 307 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Arcosa by 47.8% in the third quarter. Bessemer Group Inc. now owns 368 shares of the company’s stock worth $35,000 after acquiring an additional 119 shares in the last quarter. Allworth Financial LP boosted its holdings in Arcosa by 392.5% in the fourth quarter. Allworth Financial LP now owns 394 shares of the company’s stock worth $42,000 after acquiring an additional 314 shares in the last quarter. Quarry LP boosted its holdings in Arcosa by 160.0% in the third quarter. Quarry LP now owns 403 shares of the company’s stock worth $38,000 after acquiring an additional 248 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Arcosa in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Up 4.0%

Arcosa stock opened at $125.64 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. Arcosa, Inc. has a 52 week low of $81.91 and a 52 week high of $135.58. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. The stock has a 50-day moving average price of $115.18 and a 200 day moving average price of $112.90.

Arcosa (NYSE:ACA) last released its earnings results on Thursday, April 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.38. Arcosa had a return on equity of 8.52% and a net margin of 7.88%.The firm had revenue of $571.70 million during the quarter, compared to the consensus estimate of $642.40 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Arcosa, Inc. will post 4.22 EPS for the current year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. Arcosa’s payout ratio is 4.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Arcosa from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Barclays raised their price target on Arcosa from $115.00 to $140.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. DA Davidson lifted their price target on Arcosa from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Zacks Research downgraded Arcosa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Finally, Texas Capital upgraded Arcosa to a “strong-buy” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Arcosa presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.

Arcosa Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.