Jacobs Levy Equity Management Inc. Sells 29,155 Shares of Arcosa, Inc. (NYSE:ACA)

Jacobs Levy Equity Management Inc. lowered its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,724 shares of the company's stock after selling 29,155 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.12% of Arcosa worth $5,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Arcosa in the 4th quarter valued at $30,000. GAMMA Investing LLC increased its stake in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after purchasing an additional 148 shares in the last quarter. Flagship Wealth Advisors LLC bought a new stake in Arcosa during the 4th quarter worth approximately $52,000. AlphaQuest LLC boosted its position in Arcosa by 12,050.0% during the 4th quarter. AlphaQuest LLC now owns 729 shares of the company's stock worth $71,000 after acquiring an additional 723 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in Arcosa by 1,044.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock worth $92,000 after acquiring an additional 867 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Arcosa Stock Up 1.0%

NYSE:ACA traded up $0.86 during trading hours on Friday, reaching $89.14. 259,708 shares of the stock were exchanged, compared to its average volume of 271,082. The stock has a market cap of $4.35 billion, a PE ratio of 33.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The firm has a 50 day moving average of $80.29 and a 200 day moving average of $92.76.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The company had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. During the same quarter in the prior year, the firm posted $0.73 EPS. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently disclosed 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. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa's payout ratio is 12.58%.

Insiders Place Their Bets

In related news, VP Eric D. Hurst sold 835 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total value of $73,955.95. Following the transaction, the vice president now owns 4,112 shares in the company, valued at approximately $364,199.84. This trade represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company's stock.

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.