SG Americas Securities LLC Increases Stock Position in Arcosa, Inc. (NYSE:ACA)

SG Americas Securities LLC lifted its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 267.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,950 shares of the company's stock after buying an additional 7,972 shares during the quarter. SG Americas Securities LLC's holdings in Arcosa were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ACA. Vanguard Group Inc. grew its holdings in shares of Arcosa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock valued at $548,143,000 after buying an additional 14,207 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Arcosa by 21.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock valued at $291,831,000 after buying an additional 536,349 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Arcosa by 3.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,702,718 shares of the company's stock valued at $164,721,000 after buying an additional 60,818 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Arcosa by 4.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,107,833 shares of the company's stock valued at $107,172,000 after purchasing an additional 42,842 shares during the period. Finally, Capital International Investors lifted its position in Arcosa by 42.5% during the fourth quarter. Capital International Investors now owns 888,559 shares of the company's stock valued at $85,959,000 after purchasing an additional 265,056 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity

In other news, insider Jesse E. Jr. Collins sold 8,616 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $86.40, for a total value of $744,422.40. Following the sale, the insider now owns 12,551 shares in the company, valued at $1,084,406.40. This represents a 40.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric D. Hurst sold 835 shares of the stock in a transaction 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 sale, the vice president now owns 4,112 shares in the company, valued at $364,199.84. The trade was a 16.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Arcosa Stock Performance

Arcosa stock traded up $1.92 during midday trading on Monday, reaching $86.72. 199,622 shares of the company traded hands, compared to its average volume of 270,688. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 54.54 and a beta of 1.01. The business has a 50 day moving average of $84.79 and a two-hundred day moving average of $89.41. 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 0.68, a current ratio of 1.98 and a quick ratio of 1.27.

Arcosa (NYSE:ACA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.20. The business had revenue of $632.00 million for 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 company's quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. As a group, research analysts predict that Arcosa, Inc. will post 3.23 earnings per share for the current year.

Arcosa Announces Dividend

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