Arcosa, Inc. (NYSE:ACA) Stock Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 396,716 shares of the company's stock after selling 17,506 shares during the period. Bank of New York Mellon Corp owned 0.81% of Arcosa worth $30,595,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Arcosa by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock valued at $548,143,000 after buying an additional 14,207 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock valued at $291,831,000 after buying an additional 536,349 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Arcosa by 3.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock valued at $164,721,000 after buying an additional 60,818 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Arcosa by 4.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock worth $107,172,000 after purchasing an additional 42,842 shares during the last quarter. Finally, Capital International Investors grew its position in Arcosa by 42.5% in the 4th quarter. Capital International Investors now owns 888,559 shares of the company's stock worth $85,959,000 after purchasing an additional 265,056 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Arcosa Stock Performance

NYSE ACA traded up $1.37 on Thursday, hitting $89.04. The stock had a trading volume of 56,572 shares, compared to its average volume of 273,148. The company's 50-day moving average is $87.82 and its two-hundred day moving average is $87.90. The company has a quick ratio of 1.27, a current ratio of 1.98 and a debt-to-equity ratio of 0.68. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 55.97 and a beta of 0.99. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.20. The business had revenue of $632.00 million during 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%. The business's revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. On average, analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date is Tuesday, July 15th. Arcosa's dividend payout ratio is presently 12.58%.

Insider Activity at Arcosa

In related news, insider Jesse E. Jr. Collins sold 8,616 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the completion of the sale, the insider directly owned 12,551 shares of the company's stock, valued at $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. 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 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 sale, the vice president directly owned 4,112 shares of the company's stock, valued at approximately $364,199.84. This represents a 16.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

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.