Allianz Asset Management GmbH Has $7.27 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Allianz Asset Management GmbH cut its holdings in Arcosa, Inc. (NYSE:ACAFree Report) by 49.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,989 shares of the company’s stock after selling 85,566 shares during the period. Allianz Asset Management GmbH owned about 0.18% of Arcosa worth $7,271,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Arcosa in the 4th quarter valued at $45,468,000. Qube Research & Technologies Ltd increased its position in shares of Arcosa by 22.8% in the third quarter. Qube Research & Technologies Ltd now owns 63,976 shares of the company’s stock valued at $4,600,000 after acquiring an additional 11,878 shares during the last quarter. FMR LLC raised its holdings in Arcosa by 224.6% during the third quarter. FMR LLC now owns 69,963 shares of the company’s stock worth $5,030,000 after acquiring an additional 48,411 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Arcosa during the third quarter valued at approximately $1,271,000. Finally, Peddock Capital Advisors LLC boosted its position in Arcosa by 10.9% during the fourth quarter. Peddock Capital Advisors LLC now owns 12,088 shares of the company’s stock valued at $999,000 after purchasing an additional 1,192 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of NYSE ACA opened at $84.00 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average price is $83.35 and its two-hundred day moving average price is $81.27. The company has a market cap of $4.08 billion, a PE ratio of 28.77 and a beta of 0.77. Arcosa, Inc. has a twelve month low of $61.98 and a twelve month high of $89.44.

Arcosa (NYSE:ACAGet Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.21. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. The business had revenue of $598.60 million for the quarter, compared to analyst estimates of $580.06 million. During the same period in the previous year, the firm earned $1.06 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Arcosa, Inc. will post 3.43 EPS for the current year.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Friday, July 12th. Arcosa’s payout ratio is presently 6.85%.

Insider Transactions at Arcosa

In other Arcosa news, insider Kerry S. Cole sold 10,978 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total value of $973,858.38. Following the transaction, the insider now directly owns 18,527 shares of the company’s stock, valued at approximately $1,643,530.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Oppenheimer upped their price objective on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. DA Davidson boosted their target price on shares of Arcosa from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Check Out Our Latest Stock Report on Arcosa

Arcosa Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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