Impax Asset Management Group plc Sells 46,500 Shares of Arcosa, Inc. (NYSE:ACA)

Impax Asset Management Group plc decreased its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 36.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 81,000 shares of the company's stock after selling 46,500 shares during the quarter. Impax Asset Management Group plc owned about 0.17% of Arcosa worth $6,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in Arcosa by 1.2% in the 4th quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock valued at $1,370,000 after buying an additional 170 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Arcosa by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 5,027 shares of the company's stock worth $486,000 after acquiring an additional 218 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Arcosa by 4.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock valued at $491,000 after buying an additional 235 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Arcosa by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock valued at $7,054,000 after purchasing an additional 284 shares during the last quarter. Finally, Xponance Inc. boosted its position in shares of Arcosa by 10.0% during the fourth quarter. Xponance Inc. now owns 3,505 shares of the company's stock valued at $339,000 after purchasing an additional 319 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity at Arcosa

In other Arcosa news, VP Eric D. Hurst sold 835 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was 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 directly owned 4,112 shares of the company's stock, valued at approximately $364,199.84. This trade represents a 16.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total value of $744,422.40. Following the transaction, the insider owned 12,551 shares in the company, valued at approximately $1,084,406.40. This represents 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 Trading Up 1.3%

Shares of NYSE ACA traded up $1.18 during midday trading on Wednesday, hitting $91.20. The company's stock had a trading volume of 109,366 shares, compared to its average volume of 273,102. The firm has a market cap of $4.45 billion, a P/E ratio of 57.36 and a beta of 0.99. 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 12-month low of $68.11 and a 12-month high of $113.43. The business's 50 day moving average is $87.03 and its two-hundred day moving average is $88.23.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The firm's quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. As a group, equities research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Announces Dividend

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

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.