GSA Capital Partners LLP Acquires Shares of 11,383 Arcosa, Inc. (NYSE:ACA)

Key Points

• GSA Capital Partners LLP acquired 11,383 shares of Arcosa, Inc. (NYSE:ACA) valued at approximately $878,000 during the first quarter.
• Arcosa reported a net margin of 3.00% and earnings of $0.49 per share, exceeding estimates and marking a 5.6% revenue increase year-over-year for the recent quarter.
• The company announced a quarterly dividend of $0.05 per share, with an annualized yield of 0.2% and a dividend payout ratio of 12.58%.

GSA Capital Partners LLP bought a new position in Arcosa, Inc. (NYSE:ACA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,383 shares of the company's stock, valued at approximately $878,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ACA. Versant Capital Management Inc increased its holdings in shares of Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock valued at $62,000 after buying an additional 361 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $82,000 after buying an additional 738 shares in the last quarter. Dark Forest Capital Management LP bought a new position in shares of Arcosa in the fourth quarter valued at $221,000. QRG Capital Management Inc. increased its holdings in shares of Arcosa by 12.7% in the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company's stock valued at $245,000 after buying an additional 357 shares in the last quarter. Finally, Xponance Inc. raised its stake in Arcosa by 4.3% during the 1st quarter. Xponance Inc. now owns 3,654 shares of the company's stock valued at $282,000 after purchasing an additional 149 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Down 0.1%

NYSE:ACA traded down $0.07 during trading hours on Wednesday, hitting $85.07. 66,934 shares of the stock traded hands, compared to its average volume of 287,134. The firm has a 50 day moving average price of $88.00 and a 200 day moving average price of $87.05. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 53.42 and a beta of 1.01.

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, beating the consensus estimate of $0.29 by $0.20. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The business had revenue of $632.00 million for the quarter, compared to analysts' expectations of $613.95 million. During the same period in the previous year, the company posted $0.73 EPS. Arcosa's revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate 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 was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. Arcosa's dividend payout ratio is 12.58%.

Insider Activity

In other news, VP Eric D. Hurst sold 835 shares of the firm's stock in a transaction that occurred on 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 owned 4,112 shares of the company's stock, valued at approximately $364,199.84. This trade represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the firm's stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Arcosa 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.