Arcosa, Inc. (NYSE:ACA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its holdings in Arcosa, Inc. (NYSE:ACA) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,992 shares of the company’s stock after selling 167 shares during the quarter. Arizona State Retirement System’s holdings in Arcosa were worth $1,079,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Arcosa by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company’s stock worth $47,495,000 after acquiring an additional 70,919 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Arcosa by 267.7% in the 1st quarter. SG Americas Securities LLC now owns 10,950 shares of the company’s stock valued at $844,000 after purchasing an additional 7,972 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Arcosa by 223.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $82,000 after purchasing an additional 738 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Arcosa during the 4th quarter worth $30,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Arcosa by 8.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 212,734 shares of the company’s stock worth $16,406,000 after buying an additional 15,968 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In other news, insider Jesse E. Jr. Collins sold 8,616 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the completion of the sale, the insider owned 12,551 shares of the company’s stock, valued at approximately $1,084,406.40. The trade was a 40.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Eric D. Hurst sold 835 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $88.57, for a total transaction of $73,955.95. Following the completion of the sale, the vice president directly owned 4,112 shares of the company’s stock, valued at $364,199.84. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Arcosa Trading Down 0.2%

Shares of ACA opened at $89.93 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $4.39 billion, a P/E ratio of 56.56 and a beta of 0.99. The stock’s fifty day simple moving average is $87.94 and its 200 day simple moving average is $87.68. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.20. The firm had revenue of $632.00 million for the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, equities research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Tuesday, July 15th. Arcosa’s payout ratio is currently 12.58%.

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.