Allianz Asset Management GmbH Trims Holdings in Arcosa, Inc. $ACA

Allianz Asset Management GmbH trimmed its position in shares of Arcosa, Inc. (NYSE:ACA) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 36,095 shares of the company’s stock after selling 178 shares during the period. Allianz Asset Management GmbH’s holdings in Arcosa were worth $3,130,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ACA. Banque Cantonale Vaudoise purchased a new stake in Arcosa during the 1st quarter valued at about $28,000. Trust Co. of Toledo NA OH purchased a new stake in Arcosa during the 2nd quarter valued at about $40,000. Blue Trust Inc. grew its position in Arcosa by 18.0% during the 2nd quarter. Blue Trust Inc. now owns 939 shares of the company’s stock valued at $81,000 after purchasing an additional 143 shares during the last quarter. GAMMA Investing LLC grew its position in Arcosa by 223.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $82,000 after purchasing an additional 738 shares during the last quarter. Finally, AlphaQuest LLC grew its position in Arcosa by 56.7% during the 1st quarter. AlphaQuest LLC now owns 1,142 shares of the company’s stock valued at $88,000 after purchasing an additional 413 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Arcosa

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

Arcosa Price Performance

ACA opened at $93.86 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.35 and a current ratio of 2.12. The stock has a market capitalization of $4.60 billion, a P/E ratio of 49.93 and a beta of 0.98. The company’s 50-day simple moving average is $94.82 and its two-hundred day simple moving average is $89.21. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43.

Arcosa (NYSE:ACA) last posted its earnings results on Wednesday, August 17th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $515.10 million for the quarter. Arcosa had a net margin of 3.45% and a return on equity of 6.25%. As a group, analysts predict 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 Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Arcosa’s dividend payout ratio is 10.64%.

Analyst Upgrades and Downgrades

ACA has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Arcosa in a research report on Friday. Zacks Research downgraded shares of Arcosa from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, DA Davidson upped their target price on shares of Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $112.00.

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.