Arcosa, Inc. (NYSE:ACA) Sees Large Drop in Short Interest

Arcosa, Inc. (NYSE:ACA) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 769,642 shares, a drop of 13.8% from the January 15th total of 893,237 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 204,105 shares, the short-interest ratio is currently 3.8 days. Based on an average daily trading volume, of 204,105 shares, the short-interest ratio is currently 3.8 days. Currently, 1.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Arcosa

Several large investors have recently bought and sold shares of ACA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Arcosa by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,533 shares of the company’s stock valued at $1,087,000 after purchasing an additional 860 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in Arcosa in the second quarter valued at $7,884,000. First Trust Advisors LP lifted its holdings in Arcosa by 29.0% during the 2nd quarter. First Trust Advisors LP now owns 617,265 shares of the company’s stock worth $53,523,000 after buying an additional 138,676 shares during the last quarter. AXQ Capital LP purchased a new position in shares of Arcosa in the 2nd quarter valued at about $421,000. Finally, Creative Planning raised its position in shares of Arcosa by 72.6% during the 2nd quarter. Creative Planning now owns 31,229 shares of the company’s stock worth $2,708,000 after acquiring an additional 13,131 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACA has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Barclays raised their target price on shares of Arcosa from $106.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Finally, Wall Street Zen cut shares of Arcosa from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Arcosa has an average rating of “Moderate Buy” and an average target price of $117.50.

Arcosa Trading Down 1.7%

Shares of ACA stock opened at $123.07 on Thursday. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a market cap of $6.04 billion, a P/E ratio of 40.75, a PEG ratio of 1.69 and a beta of 1.00. Arcosa has a 12-month low of $68.11 and a 12-month high of $131.00. The company has a 50 day moving average of $114.62 and a 200-day moving average of $103.22.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, January 15th. Arcosa’s payout ratio is presently 6.62%.

Arcosa Company 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.