Mercer Global Advisors Inc. ADV Takes Position in Arcosa, Inc. (NYSE:ACA)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,890 shares of the company’s stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACA. Charles Schwab Investment Management Inc. lifted its position in shares of Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock valued at $63,740,000 after buying an additional 14,708 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Arcosa by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company’s stock valued at $47,495,000 after acquiring an additional 70,919 shares during the period. Raymond James Financial Inc. bought a new stake in Arcosa in the 4th quarter valued at $15,919,000. Proficio Capital Partners LLC acquired a new stake in Arcosa during the 4th quarter valued at $30,000. Finally, TCW Group Inc. boosted its position in Arcosa by 11.0% during the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock worth $4,418,000 after purchasing an additional 4,539 shares during the period. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Oppenheimer increased their price objective on shares of Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th.

Arcosa Stock Performance

Shares of Arcosa stock opened at $90.35 on Wednesday. The company has a 50 day moving average of $79.76 and a 200-day moving average of $92.89. The company has a market cap of $4.41 billion, a PE ratio of 34.35 and a beta of 1.00. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43.

Arcosa (NYSE:ACA) last released its earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.20. The firm had revenue of $632.00 million during the quarter, compared to analysts’ expectations of $613.95 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 earnings per share. As a group, equities research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Tuesday, April 15th. Arcosa’s payout ratio is 12.58%.

Arcosa 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.