PNC Financial Services Group Inc. Has $417,000 Stock Holdings in Arcosa, Inc. (NYSE:ACA)

PNC Financial Services Group Inc. trimmed its position in Arcosa, Inc. (NYSE:ACA) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,046 shares of the company’s stock after selling 180 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Arcosa were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. FMR LLC lifted its position in Arcosa by 224.6% during the 3rd quarter. FMR LLC now owns 69,963 shares of the company’s stock worth $5,030,000 after acquiring an additional 48,411 shares during the last quarter. Invesco Ltd. increased its stake in shares of Arcosa by 0.4% in the third quarter. Invesco Ltd. now owns 214,134 shares of the company’s stock worth $15,396,000 after purchasing an additional 753 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Arcosa during the 3rd quarter worth about $1,271,000. Mariner LLC lifted its position in shares of Arcosa by 2.5% during the 3rd quarter. Mariner LLC now owns 7,090 shares of the company’s stock worth $510,000 after purchasing an additional 176 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Arcosa by 1.8% during the 3rd quarter. Federated Hermes Inc. now owns 26,189 shares of the company’s stock valued at $1,883,000 after purchasing an additional 454 shares during the period. 90.66% of the stock is owned by institutional investors.

Insider Transactions at Arcosa

In related news, insider Kerry S. Cole sold 10,978 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $88.71, for a total value of $973,858.38. Following the completion of the transaction, the insider now owns 18,527 shares of the company’s stock, valued at $1,643,530.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Arcosa Stock Up 1.2 %

ACA stock opened at $83.41 on Friday. Arcosa, Inc. has a twelve month low of $61.98 and a twelve month high of $89.44. The company has a quick ratio of 1.36, a current ratio of 2.28 and a debt-to-equity ratio of 0.25. The company has a market cap of $4.05 billion, a PE ratio of 28.57 and a beta of 0.77. The business’s 50-day simple moving average is $84.10 and its 200 day simple moving average is $82.37.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.21. The company had revenue of $598.60 million for the quarter, compared to analyst estimates of $580.06 million. Arcosa had a return on equity of 6.13% and a net margin of 6.05%. Arcosa’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. On average, research analysts anticipate that Arcosa, Inc. will post 3.58 earnings per share for the current year.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Monday, July 15th. Arcosa’s dividend payout ratio is 6.85%.

Analyst Ratings Changes

Separately, DA Davidson lifted their price target on Arcosa from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.00.

About Arcosa

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.