MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,389 shares of the company's stock after buying an additional 19,340 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.74% of Arcosa worth $35,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock valued at $63,740,000 after purchasing an additional 14,708 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Arcosa by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock worth $47,495,000 after acquiring an additional 70,919 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Arcosa in the 4th quarter valued at about $15,919,000. Proficio Capital Partners LLC acquired a new stake in shares of Arcosa in the 4th quarter valued at $30,000. Finally, TCW Group Inc. raised its position in shares of Arcosa by 11.0% during the 4th quarter. TCW Group Inc. now owns 45,673 shares of the company's stock worth $4,418,000 after acquiring an additional 4,539 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.
Insider Transactions at Arcosa
In related news, VP Eric D. Hurst sold 835 shares of the firm's stock in a transaction that occurred on 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 trade represents a 16.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.
Arcosa Stock Performance
Shares of Arcosa stock traded down $0.75 during trading on Monday, reaching $88.24. The company's stock had a trading volume of 17,608 shares, compared to its average volume of 270,077. The firm has a market cap of $4.31 billion, a PE ratio of 33.49 and a beta of 1.00. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $80.29 and a two-hundred day moving average price of $92.75. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week 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 for the quarter, compared to the consensus estimate of $613.95 million. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, analysts forecast that Arcosa, Inc. will post 3.23 EPS for the current year.
Arcosa Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be paid 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 dividend yield of 0.23%. Arcosa's dividend payout ratio (DPR) is 12.58%.
About Arcosa
(
Free Report)
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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