Cerity Partners LLC decreased its position in Arcosa, Inc. (NYSE:ACA – Free Report) by 10.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,615 shares of the company’s stock after selling 2,121 shares during the quarter. Cerity Partners LLC’s holdings in Arcosa were worth $1,358,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its position in Arcosa by 81.5% during the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company’s stock worth $62,000 after purchasing an additional 361 shares during the last quarter. GAMMA Investing LLC grew its holdings in Arcosa by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $82,000 after acquiring an additional 738 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Arcosa during the 4th quarter worth about $200,000. Dark Forest Capital Management LP acquired a new stake in shares of Arcosa in the 4th quarter valued at about $221,000. Finally, Focus Partners Wealth grew its stake in shares of Arcosa by 36.9% in the 4th quarter. Focus Partners Wealth now owns 2,956 shares of the company’s stock valued at $288,000 after buying an additional 796 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.
Insider Activity
In other news, VP Eric D. Hurst sold 835 shares of the stock in a transaction dated Thursday, May 15th. The shares were 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 in the company, valued at approximately $364,199.84. This represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total transaction of $744,422.40. Following the sale, the insider owned 12,551 shares of the company’s stock, valued at approximately $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Arcosa Price Performance
Arcosa (NYSE:ACA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.20. The company had revenue of $632.00 million for the quarter, compared to analysts’ expectations of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. Arcosa’s 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 analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current year.
Arcosa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 0.23%. Arcosa’s payout ratio is 12.58%.
Arcosa Company 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.
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