Allianz Asset Management GmbH Has $2.80 Million Position in Arcosa, Inc. (NYSE:ACA)

Allianz Asset Management GmbH reduced its stake in shares of Arcosa, Inc. (NYSE:ACA) by 52.4% during the 1st quarter, HoldingsChannel reports. The fund owned 36,273 shares of the company’s stock after selling 39,934 shares during the period. Allianz Asset Management GmbH’s holdings in Arcosa were worth $2,797,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc grew its position 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 acquiring an additional 361 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Arcosa by 223.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $82,000 after purchasing an additional 738 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Arcosa during the fourth quarter worth $221,000. QRG Capital Management Inc. raised its holdings in Arcosa by 12.7% during the first quarter. QRG Capital Management Inc. now owns 3,178 shares of the company’s stock valued at $245,000 after buying an additional 357 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Arcosa by 4.3% in the first quarter. Xponance Inc. now owns 3,654 shares of the company’s stock worth $282,000 after buying an additional 149 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Arcosa Stock Performance

ACA opened at $88.10 on Wednesday. The stock has a 50-day moving average of $88.02 and a 200-day moving average of $87.44. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.27 and a current ratio of 1.98. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. The company has a market cap of $4.30 billion, a PE ratio of 55.41 and a beta of 0.99.

Arcosa (NYSE:ACA) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.29 by $0.20. Arcosa had a return on equity of 5.59% and a net margin of 3.00%. The company had revenue of $632.00 million for the quarter, compared to the consensus estimate of $613.95 million. During the same quarter last year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Arcosa, Inc. will post 3.23 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Tuesday, July 15th. Arcosa’s dividend payout ratio is 12.58%.

Insider Transactions at Arcosa

In other news, VP Eric D. Hurst sold 835 shares of Arcosa stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $88.57, for a total value of $73,955.95. Following the transaction, the vice president directly owned 4,112 shares in the company, valued at approximately $364,199.84. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jesse E. Jr. Collins sold 8,616 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $86.40, for a total value of $744,422.40. Following the transaction, the insider directly owned 12,551 shares of the company’s stock, valued at $1,084,406.40. This represents a 40.70% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate 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.