Arcosa, Inc. (NYSE:ACA) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its holdings in Arcosa, Inc. by 11.1% in the first quarter, now owning 22,990 shares worth approximately $1.77 million.
• Insider sales included VP Eric D. Hurst and Jesse E. Jr. Collins, with ownership reductions of 16.88% and 40.70%, respectively.
• Arcosa recently reported a quarterly earnings per share of $1.27, exceeding analysts' estimates, though revenue fell short of expectations at $736.90 million.

Natixis Advisors LLC lowered its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,990 shares of the company's stock after selling 2,879 shares during the period. Natixis Advisors LLC's holdings in Arcosa were worth $1,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital International Investors lifted its holdings in 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 buying an additional 265,056 shares during the period. Oberweis Asset Management Inc. purchased a new stake in shares of Arcosa during the fourth quarter valued at approximately $19,638,000. Bank of America Corp DE grew its holdings in shares of Arcosa by 197.7% during the fourth quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock valued at $27,287,000 after buying an additional 187,306 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Arcosa during the fourth quarter valued at approximately $15,919,000. Finally, Voya Investment Management LLC grew its position in Arcosa by 930.7% during the fourth quarter. Voya Investment Management LLC now owns 177,993 shares of the company's stock valued at $17,219,000 after buying an additional 160,724 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson increased their target price on shares of Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Monday.

Insiders Place Their Bets

In related news, insider Bryan Stevenson sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total value of $396,080.00. Following the transaction, the insider owned 38,089 shares of the company's stock, valued at $3,771,572.78. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric D. Hurst sold 835 shares of the business's 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 transaction, the vice president directly owned 4,112 shares of the company's stock, valued at $364,199.84. This trade represents a 16.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,417 shares of company stock worth $1,977,362. Insiders own 1.20% of the company's stock.

Arcosa Price Performance

ACA stock traded up $0.39 during midday trading on Wednesday, hitting $99.64. The company's stock had a trading volume of 104,427 shares, compared to its average volume of 292,723. Arcosa, Inc. has a 12 month low of $68.11 and a 12 month high of $113.43. The company has a quick ratio of 1.35, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 53.01 and a beta of 1.01. The company has a 50 day moving average of $88.57 and a two-hundred day moving average of $86.78.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.22. The business had revenue of $736.90 million for the quarter, compared to analysts' expectations of $754.20 million. Arcosa had a return on equity of 6.25% and a net margin of 3.45%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, analysts expect that Arcosa, Inc. will post 3.23 EPS for the current year.

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.