Skip to Content

Royce & Associates LP Reduces Its Position in Arcosa, Inc. (NYSE:ACA).

Royce & Associates LP Reduces Its Position in Arcosa, Inc. (NYSE:ACA).

According to the most recent report that Royce & Associates LP submitted to the Securities and Exchange Commission, the amount of Arcosa, Inc. (NYSE: ACA) shares it owned was reduced by 11.0 percent during the third quarter. The corporation currently has a total holding of 1,735,704 shares of the company’s stock, following the sale of 213,857 shares during the period in question. Royce & Associates LP’s biggest investment is in Arcosa, which represents 1.1% of the total value of the company’s investment portfolio. The year 2003 marked the beginning of Royce & Associates LP. Royce & Associates LP had a stake in Arcosa equivalent to 3.59% of the total company shares at the end of the most recent fiscal quarter. This stake was valued at $99,248,000 at the time.

The holdings other hedge funds have in ACA have recently been the subject of changes by several of those funds. The Oregon Public Employees Retirement Fund increased the amount of Arcosa stock that is owned by 1.6% during the period that encompassed the third quarter. The Oregon Public Employees Retirement Fund now has a total stock holdings value of $911,00 after purchasing an additional 251 shares of the company’s stock during the period in question. This brings the fund’s total stock value to date to Kestra Advisory Services LLC made a new investment of approximately 1,220,000 dollars in Arcosa during the third quarter of 2018. This investment was part of a fresh round of funding. During the third quarter, the Great West Life Assurance Company of Canada spent approximately $3,160,000 to acquire additional shares of Arcosa. SG Americas Securities LLC’s holdings of Arcosa shares went up by 23 percent over the third quarter due to the company’s increased percentage of ownership. SG Americas Securities LLC now has a total of 24,729 shares following the purchase of an additional 4,625 shares during the most recent period. The value of the company’s stock currently stands at a combined total of $1,414,000.

Last but not least, during the third quarter, the Maryland State Retirement and Pension System added one-hundredth of one percent to the amount of Arcosa stock that it owned. The Maryland State Retirement and Pension System now has a total of the company’s stock worth $1,130,000 after making additional purchases during the relevant period amounting to 194 shares. These purchases were made during the period in question. Institutional investors and hedge funds jointly own 88.88% of the company’s total shares, which means that these two types of investors hold the majority of the company’s stock.

According to another piece of news, on Thursday, November 10, an employee with insider trading privileges at the company, Bryan Stevenson, sold 4,988 shares of the company’s stock. The shares were sold for $289,104.48, and buyers were willing to pay an average price of $57.96 per share. The company insider now directly owns 25,210 shares of the company’s stock, which have a value of $1,461,171.60 as a direct result of the transaction. If you click on this link, you will be taken to a legal filing that was made with the SEC, which will give you more information regarding the transaction and take you there immediately. On November 10, Bryan Stevenson sold 4,988 shares of the company’s stock. This is just one of the latest developments about this particular subject. The shares were sold for $289,104.48, and buyers were willing to pay an average price of $57.96 per share. The company insider now directly owns 25,210 shares of the company’s stock, which have a value of $1,461,171.60 as a direct result of the transaction. One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. On November 16, Gail M. Peck, who serves as the company’s Chief Financial Officer, exercised her option to sell an additional 8,500 shares of the company’s stock. The shares were sold for $499,205, which comes from an average price of $58.73 per share when bought and sold. Following the transaction’s conclusion, the company’s chief financial officer will be the owner of 32,575 shares, each of which has an estimated value of approximately $1,913,129.75 at present. The disclosure about the purchase can be found in this particular location. Insiders of the company have sold 19,488 shares of company stock over the past three months, bringing in a total of $1,139,069. Insiders control most of the company’s equity, which amounts to 76%.

Separately, on Monday, November 7, the investment firm Stephens lowered their price objective on Arcosa shares from $75.00 to $65.00 and changed the rating on the stock from “overweight” to “equal weight.”

ACA shares started trading on Thursday for $56.32 per share. The first day of trading was Thursday. The stock is currently trading for 27.47 times its annual earnings has a beta value of 0.54, and has a market value of $2.72 billion. A debt-to-equity ratio comes in at 0.34; a quick ratio comes in at 1.40; a current ratio comes in at 2.18; and a quick ratio comes in at 1.40. Arcosa, Inc.’s share price has ranged from $43.42 to $65.80 over the past 52 weeks, with a low point of $43.42 and a high point of $65.80. The company’s 50-day simple moving average is currently at $57.46, and its 200-day simple moving average is currently at $57.23.

On November 2, the most recent quarterly earnings report for Arcosa (NYSE: ACA) was made public for investors to view. The company reported earnings per share for the quarter at $0.70, which is $0.12 higher than market experts’ consensus estimate of $0.58 per share. The sales for the company during the quarter came in significantly higher than expected, at $603.90 million, in comparison to the predictions of the analysts, which were $580.94 million. Arcosa had a return on equity of 5.77% and a net margin of 4.43% for the company overall. Compared to the same quarter in the previous year, the increase in revenue was 8.0% higher than expected. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $0.57. According to forecasts provided by analysts working in the financial sector, Arcosa, Inc. will likely generate revenue of $2.14 per share during the current financial year.

Additionally, the company has just released an announcement concerning a quarterly dividend, which will be paid out on January 31. On Friday, January 13, dividend payments to shareholders who are “recorded” will be made in the amount of $0.05 per share to shareholders who are “recorded.” The date designated as the “ex-dividend date” for this dividend is Thursday, January 12. Consequently, the yield for each quarter amounts to 0.36%, and the dividend for the entire year amounts to $0.20. The current payout ratio for dividends at Arcosa is 9.76% of the company’s earnings.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *