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Allianz Asset Management GmbH Has $2.80 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Arcosa logo with Construction background

Key Points

  • Allianz Asset Management GmbH has reduced its position in Arcosa, Inc. by 52.4% during the first quarter, now owning approximately 36,273 shares valued at $2.8 million.
  • Arcosa reported a quarterly EPS of $0.49, surpassing expectations, and a revenue increase of 5.6% year-over-year, totaling $632 million.
  • The company announced a quarterly dividend of $0.05 per share, which will be payable on July 31st, with a yield of 0.23%.
  • Want stock alerts on Arcosa? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Allianz Asset Management GmbH trimmed its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 52.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,273 shares of the company's stock after selling 39,934 shares during the period. Allianz Asset Management GmbH owned 0.07% of Arcosa worth $2,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ACA. Norges Bank acquired a new stake in shares of Arcosa in the 4th quarter worth about $73,178,000. Neuberger Berman Group LLC increased its holdings in shares of Arcosa by 21.6% in the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock worth $291,831,000 after acquiring an additional 536,349 shares during the period. Capital International Investors increased its holdings in shares of 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 acquiring an additional 265,056 shares during the period. Oberweis Asset Management Inc. acquired a new stake in shares of Arcosa in the 4th quarter worth about $19,638,000. Finally, Bank of America Corp DE increased its holdings in shares of Arcosa by 197.7% in the 4th quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock worth $27,287,000 after acquiring an additional 187,306 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Eric D. Hurst sold 835 shares of the firm's 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 transaction, the vice president owned 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 document filed 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 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 completion of the transaction, the insider 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Arcosa Stock Performance

Shares of ACA stock traded down $2.34 during trading hours on Friday, reaching $83.54. The stock had a trading volume of 343,101 shares, compared to its average volume of 268,911. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.98 and a quick ratio of 1.27. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43. The firm has a 50-day simple moving average of $88.07 and a 200-day simple moving average of $87.30. The firm has a market capitalization of $4.08 billion, a PE ratio of 52.54 and a beta of 1.01.

Arcosa (NYSE:ACA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.20. The firm had revenue of $632.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. As a group, equities analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, July 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. Arcosa's dividend payout ratio (DPR) is 12.58%.

About Arcosa

(Free Report)

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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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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