Pacific Capital Partners Ltd Sells 30,000 Shares of Arcosa, Inc. $ACA

Key Points

• Pacific Capital Partners Ltd has reduced its stake in Arcosa, Inc. by 34.3%, now holding 57,500 shares valued at approximately $4.99 million, making it their 5th largest position.
• Arcosa's recent quarterly earnings surpassed estimates, reporting $1.27 per share against a consensus of $1.05, with a year-over-year revenue increase of 10.9%.
• The company has declared a quarterly dividend of $0.05 per share, scheduled for payment on October 31st, reflecting a modest annualized yield of 0.2%.

Pacific Capital Partners Ltd decreased its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 34.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,500 shares of the company's stock after selling 30,000 shares during the quarter. Arcosa comprises 4.7% of Pacific Capital Partners Ltd's portfolio, making the stock its 5th biggest holding. Pacific Capital Partners Ltd owned about 0.12% of Arcosa worth $4,986,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ACA. Nuveen LLC bought a new stake in Arcosa in the first quarter worth $33,982,000. T. Rowe Price Investment Management Inc. lifted its position in Arcosa by 17.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,993,241 shares of the company's stock worth $153,719,000 after buying an additional 290,523 shares during the last quarter. Bank of America Corp DE lifted its position in Arcosa by 197.7% in the fourth quarter. Bank of America Corp DE now owns 282,061 shares of the company's stock worth $27,287,000 after buying an additional 187,306 shares during the last quarter. Neuberger Berman Group LLC lifted its position in Arcosa by 3.5% in the first quarter. Neuberger Berman Group LLC now owns 3,122,070 shares of the company's stock worth $240,884,000 after buying an additional 105,473 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Arcosa by 24,806.6% in the first quarter. GAMMA Investing LLC now owns 82,441 shares of the company's stock worth $63,580,000 after buying an additional 82,110 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Performance

Arcosa stock traded down $1.22 during midday trading on Friday, hitting $95.72. 145,881 shares of the company were exchanged, compared to its average volume of 283,202. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The firm has a market capitalization of $4.69 billion, a PE ratio of 50.86 and a beta of 1.00. The business has a fifty day simple moving average of $93.36 and a two-hundred day simple moving average of $86.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings results 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. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company had revenue of $736.90 million during the quarter, compared to the consensus estimate of $754.20 million. During the same period in the previous year, the company posted $0.91 earnings per share. Arcosa's revenue for the quarter was up 10.9% on a year-over-year basis. Arcosa has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast 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 Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Arcosa's dividend payout ratio (DPR) is presently 10.64%.

Analyst Ratings Changes

Separately, DA Davidson raised their price target on Arcosa from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Arcosa presently has an average rating of "Buy" and an average target price of $112.00.

Insider Activity at Arcosa

In related news, insider Bryan Stevenson sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares in the company, valued at approximately $3,771,572.78. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $95.77, for a total value of $762,903.82. Following the transaction, the insider owned 19,769 shares in the company, valued at approximately $1,893,277.13. The trade was a 28.72% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Arcosa 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.