ProShare Advisors LLC Acquires 4,201 Shares of Arcosa, Inc. (NYSE:ACA)

ProShare Advisors LLC raised its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,680 shares of the company's stock after purchasing an additional 4,201 shares during the quarter. ProShare Advisors LLC's holdings in Arcosa were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Arcosa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock valued at $548,143,000 after purchasing an additional 14,207 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Arcosa by 21.6% in the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock valued at $291,831,000 after acquiring an additional 536,349 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Arcosa by 3.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock valued at $164,721,000 after acquiring an additional 60,818 shares during the period. Capital International Investors boosted its position in shares of Arcosa by 42.5% in the fourth quarter. Capital International Investors now owns 888,559 shares of the company's stock valued at $85,959,000 after acquiring an additional 265,056 shares during the period. Finally, Norges Bank bought a new position in shares of Arcosa in the fourth quarter valued at approximately $73,178,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Price Performance

NYSE ACA traded down $0.09 on Friday, hitting $84.69. The stock had a trading volume of 162,871 shares, compared to its average volume of 269,857. The firm has a 50-day moving average of $80.85 and a 200-day moving average of $92.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 32.20 and a beta of 1.00.

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

Arcosa Announces Dividend

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 issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Arcosa's payout ratio is currently 12.58%.

Insider Activity

In other news, VP Eric D. Hurst sold 835 shares of the firm's stock in a transaction 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

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.