Pacific Capital Partners Ltd Acquires New Holdings in Arcosa, Inc. (NYSE:ACA)

Pacific Capital Partners Ltd purchased a new position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,500 shares of the company's stock, valued at approximately $6,748,000. Arcosa makes up approximately 4.3% of Pacific Capital Partners Ltd's holdings, making the stock its 8th biggest holding. Pacific Capital Partners Ltd owned approximately 0.18% of Arcosa as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Arcosa during the first quarter worth approximately $28,000. Flagship Wealth Advisors LLC acquired a new position in Arcosa in the fourth quarter worth $52,000. 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. Versant Capital Management Inc boosted its holdings in Arcosa by 81.5% in the first quarter. Versant Capital Management Inc now owns 804 shares of the company's stock worth $62,000 after purchasing an additional 361 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Arcosa by 1,044.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company's stock worth $92,000 after purchasing an additional 867 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Insiders Place Their Bets

In related news, insider Jesse E. Jr. Collins sold 8,616 shares of Arcosa stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total transaction of $744,422.40. Following the sale, the insider now directly owns 12,551 shares in the company, valued at $1,084,406.40. The trade was a 40.70% 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 Arcosa 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 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 disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Arcosa Stock Performance

Arcosa stock traded up $1.04 during mid-day trading on Tuesday, reaching $87.87. The company's stock had a trading volume of 270,613 shares, compared to its average volume of 271,105. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 55.26 and a beta of 1.01. The business has a 50 day moving average price of $85.00 and a 200-day moving average price of $89.40. The company has a current ratio of 1.98, a quick ratio of 1.27 and a debt-to-equity ratio of 0.68. Arcosa, Inc. has a twelve month low of $68.11 and a twelve month high of $113.43.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.20. The firm had revenue of $632.00 million during the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a net margin of 3.00% and a return on equity of 5.59%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. Sell-side analysts predict that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Dividend Announcement

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