Arcosa, Inc. (NYSE:ACA) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 36.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,000 shares of the company's stock after selling 46,500 shares during the period. Impax Asset Management Group plc owned approximately 0.17% of Arcosa worth $6,247,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in Arcosa during the 4th quarter worth $30,000. Flagship Wealth Advisors LLC acquired a new position in shares of Arcosa in the 4th quarter worth approximately $52,000. Versant Capital Management Inc grew its position in shares of Arcosa by 81.5% in the 1st quarter. Versant Capital Management Inc now owns 804 shares of the company's stock worth $62,000 after acquiring an additional 361 shares in the last quarter. AlphaQuest LLC boosted its holdings in Arcosa by 12,050.0% in the fourth quarter. AlphaQuest LLC now owns 729 shares of the company's stock worth $71,000 after purchasing an additional 723 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $82,000 after purchasing an additional 738 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity

In other news, VP Eric D. Hurst sold 835 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $88.57, for a total value of $73,955.95. Following the completion of the sale, the vice president owned 4,112 shares in the company, valued at $364,199.84. This represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the completion of the sale, the insider owned 12,551 shares of the company's stock, valued at approximately $1,084,406.40. This trade 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 Stock Performance

Shares of NYSE ACA traded down $0.79 during midday trading on Monday, hitting $89.23. The company's stock had a trading volume of 27,466 shares, compared to its average volume of 271,923. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.27 and a current ratio of 1.98. The firm's fifty day moving average price is $86.65 and its 200-day moving average price is $88.29. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The firm has a market cap of $4.36 billion, a P/E ratio of 56.49 and a beta of 0.99.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data 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. Arcosa had a return on equity of 5.59% and a net margin of 3.00%. The business had revenue of $632.00 million during the quarter, compared to analyst estimates of $613.95 million. During the same quarter in the previous year, the firm posted $0.73 EPS. The business's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

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

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.