Northern Trust Corp Sells 7,473 Shares of Arcosa, Inc. $ACA

Key Points

• Northern Trust Corp reduced its stake in Arcosa, Inc. by 1.1%, selling 7,473 shares, and now holds 1.33% of the company valued at approximately $49.93 million.
• Insider sales included Bryan Stevenson, who sold 4,000 shares and Kerry S. Cole, who sold 7,966 shares, indicating a significant reduction in their ownership positions.
• Arcosa recently beat earnings expectations with $1.27 EPS for the quarter, surpassing analyst estimates of $1.05, and reported revenue growth of 10.9% year-over-year.

Northern Trust Corp cut its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 647,383 shares of the company's stock after selling 7,473 shares during the quarter. Northern Trust Corp owned 1.33% of Arcosa worth $49,926,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Neuberger Berman Group LLC increased its holdings in shares of Arcosa by 3.5% during the first quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock worth $240,884,000 after purchasing an additional 105,473 shares during the period. Royce & Associates LP increased its holdings in shares of Arcosa by 1.2% during the first quarter. Royce & Associates LP now owns 1,254,088 shares of the company's stock worth $96,715,000 after purchasing an additional 14,839 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in shares of Arcosa by 4.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock worth $107,172,000 after purchasing an additional 42,842 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Arcosa by 3.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 567,208 shares of the company's stock worth $54,872,000 after purchasing an additional 17,014 shares during the period. Finally, Nuveen LLC bought a new position in shares of Arcosa during the first quarter worth approximately $33,982,000. 90.66% of the stock is owned by institutional investors.

Insider Activity at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total value of $396,080.00. Following the transaction, the insider directly owned 38,089 shares of the company's stock, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kerry S. Cole sold 7,966 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $95.77, for a total transaction of $762,903.82. Following the completion of the sale, the insider owned 19,769 shares in the company, valued at $1,893,277.13. This represents a 28.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,582 shares of company stock valued at $1,903,406 over the last three months. 2.00% of the stock is owned by insiders.

Arcosa Stock Performance

Shares of NYSE:ACA opened at $99.05 on Thursday. The company's 50 day simple moving average is $90.71 and its 200 day simple moving average is $86.65. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 52.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 3.45% and a return on equity of 6.25%. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Arcosa has set its FY 2025 guidance at EPS. As a group, research analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson raised 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, August 11th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Arcosa currently has a consensus rating of "Buy" and a consensus target price of $112.00.

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.

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