Millennium Management LLC Has $950,000 Holdings in Arcosa, Inc. (NYSE:ACA)

Millennium Management LLC reduced its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 76.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,816 shares of the company's stock after selling 32,660 shares during the quarter. Millennium Management LLC's holdings in Arcosa were worth $950,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Arcosa by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock worth $63,740,000 after purchasing an additional 14,708 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arcosa by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock valued at $47,495,000 after buying an additional 70,919 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Arcosa during the fourth quarter worth $15,919,000. Proficio Capital Partners LLC acquired a new stake in shares of Arcosa during the fourth quarter worth $30,000. Finally, TCW Group Inc. lifted its position in Arcosa by 11.0% in the 4th quarter. TCW Group Inc. now owns 45,673 shares of the company's stock valued at $4,418,000 after acquiring an additional 4,539 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Buying and Selling

In other Arcosa news, VP Eric D. Hurst sold 835 shares of the business'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 sale, the vice president now directly owns 4,112 shares of the company's stock, valued at $364,199.84. The trade was a 16.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Arcosa Stock Up 0.6%

ACA stock traded up $0.56 during trading hours on Friday, reaching $89.48. 174,632 shares of the stock were exchanged, compared to its average volume of 268,606. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 34.02 and a beta of 1.00. The firm's 50-day moving average is $82.20 and its 200-day moving average is $91.19. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

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, topping analysts' consensus estimates of $0.29 by $0.20. The business had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. Arcosa's quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. On average, equities research analysts expect that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa's dividend payout ratio is presently 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.