Harbor Capital Advisors Inc. Has $18.51 Million Holdings in Arcosa, Inc. (NYSE:ACA)

Harbor Capital Advisors Inc. increased its position in shares of Arcosa, Inc. (NYSE:ACA) by 152.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 195,358 shares of the company’s stock after purchasing an additional 117,892 shares during the quarter. Arcosa accounts for about 0.8% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Harbor Capital Advisors Inc. owned about 0.40% of Arcosa worth $18,512,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. acquired a new stake in Arcosa during the third quarter worth about $206,000. Stonegate Investment Group LLC raised its position in shares of Arcosa by 3.6% during the 3rd quarter. Stonegate Investment Group LLC now owns 3,095 shares of the company’s stock worth $293,000 after purchasing an additional 108 shares during the period. Creative Planning raised its position in shares of Arcosa by 38.5% during the 3rd quarter. Creative Planning now owns 13,218 shares of the company’s stock worth $1,253,000 after purchasing an additional 3,672 shares during the period. Peddock Capital Advisors LLC lifted its holdings in shares of Arcosa by 2.7% in the 3rd quarter. Peddock Capital Advisors LLC now owns 14,246 shares of the company’s stock worth $1,350,000 after purchasing an additional 380 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Arcosa by 16.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 9,900 shares of the company’s stock valued at $938,000 after purchasing an additional 1,400 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Bryan Stevenson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $83.78, for a total transaction of $335,120.00. Following the sale, the insider now owns 35,333 shares of the company’s stock, valued at $2,960,198.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Antonio Carrillo acquired 12,125 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $82.05 per share, for a total transaction of $994,856.25. Following the completion of the acquisition, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $83.78, for a total value of $335,120.00. Following the transaction, the insider now directly owns 35,333 shares in the company, valued at approximately $2,960,198.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Arcosa Stock Up 0.1 %

Shares of Arcosa stock opened at $93.69 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. Arcosa, Inc. has a 1-year low of $61.98 and a 1-year high of $97.65. The business’s fifty day moving average price is $91.85 and its two-hundred day moving average price is $87.06. The company has a market capitalization of $4.57 billion, a P/E ratio of 35.62 and a beta of 0.71.

Arcosa (NYSE:ACA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to analysts’ expectations of $682.52 million. Arcosa had a net margin of 5.17% and a return on equity of 6.68%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. As a group, research analysts forecast that Arcosa, Inc. will post 3.57 EPS for the current year.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 7.60%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ACA shares. Stephens raised Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an “overweight” rating and a $106.00 price objective on the stock. Finally, Oppenheimer boosted their target price on shares of Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, August 19th.

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.