Man Group plc Sells 4,961 Shares of Arcosa, Inc. (NYSE:ACA)

Man Group plc decreased its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 69.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,227 shares of the company's stock after selling 4,961 shares during the period. Man Group plc's holdings in Arcosa were worth $215,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ACA. Arizona State Retirement System boosted its holdings in shares of 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. Blue Trust Inc. lifted its position in shares of Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock worth $118,000 after buying an additional 175 shares during the last quarter. Captrust Financial Advisors raised its position in Arcosa by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 5,027 shares of the company's stock valued at $486,000 after purchasing an additional 218 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Arcosa by 4.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock valued at $491,000 after purchasing an additional 235 shares during the period. Finally, HighTower Advisors LLC grew its position in Arcosa by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock worth $7,054,000 after buying an additional 284 shares during the period. Institutional investors own 90.66% of the company's stock.

Insider Transactions at Arcosa

In related 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 value of $73,955.95. Following the transaction, the vice president now owns 4,112 shares in the company, valued at approximately $364,199.84. This represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company's stock.

Arcosa Price Performance

NYSE ACA traded up $0.09 during trading hours on Friday, reaching $86.31. The company's stock had a trading volume of 178,783 shares, compared to its average volume of 268,190. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The company's 50-day moving average is $81.36 and its two-hundred day moving average is $91.65. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The stock has a market cap of $4.21 billion, a PE ratio of 32.82 and a beta of 1.00.

Arcosa (NYSE:ACA - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.29 by $0.20. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm had revenue of $632.00 million during the quarter, compared to analyst estimates of $613.95 million. During the same period in the prior year, the firm posted $0.73 earnings per share. The business's quarterly revenue was up 5.6% compared to the same quarter last year. Analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa's payout ratio is 12.58%.

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.