Bank of Montreal Can Sells 8,370 Shares of Arcosa, Inc. (NYSE:ACA)

Bank of Montreal Can decreased its stake in shares of Arcosa, Inc. (NYSE:ACA) by 53.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,205 shares of the company’s stock after selling 8,370 shares during the period. Bank of Montreal Can’s holdings in Arcosa were worth $606,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Boston Partners raised its position in shares of Arcosa by 272.6% in the 1st quarter. Boston Partners now owns 220,961 shares of the company’s stock worth $18,947,000 after purchasing an additional 161,662 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Arcosa in the 1st quarter worth approximately $5,242,000. Harbor Capital Advisors Inc. boosted its holdings in Arcosa by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 77,466 shares of the company’s stock worth $6,461,000 after buying an additional 56,720 shares during the period. Vanguard Group Inc. boosted its stake in Arcosa by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 5,549,618 shares of the company’s stock worth $458,620,000 after purchasing an additional 32,164 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Arcosa by 54.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 65,395 shares of the company’s stock worth $5,455,000 after purchasing an additional 23,095 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ACA shares. Oppenheimer increased their target price on Arcosa from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Stephens raised shares of Arcosa from an “equal weight” rating to an “overweight” rating and set a $96.00 target price on the stock in a research report on Wednesday, August 7th.

Insider Transactions at Arcosa

In other Arcosa news, CEO Antonio Carrillo acquired 12,125 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $82.05 per share, with a total value of $994,856.25. Following the transaction, the chief executive officer now directly owns 406,275 shares of the company’s stock, valued at $33,334,863.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Steven J. Demetriou acquired 6,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were purchased at an average price of $87.70 per share, for a total transaction of $526,200.00. Following the completion of the acquisition, the director now directly owns 9,943 shares in the company, valued at $872,001.10. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Antonio Carrillo acquired 12,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $82.05 per share, with a total value of $994,856.25. Following the completion of the transaction, the chief executive officer now directly owns 406,275 shares in the company, valued at $33,334,863.75. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Arcosa Price Performance

Shares of ACA stock opened at $92.94 on Wednesday. The stock’s 50-day moving average is $88.20 and its 200 day moving average is $85.67. Arcosa, Inc. has a 1-year low of $61.98 and a 1-year high of $96.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 1.36. The company has a market cap of $4.52 billion, a P/E ratio of 31.83 and a beta of 0.71.

Arcosa (NYSE:ACA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $664.70 million for the quarter, compared to analysts’ expectations of $661.54 million. Arcosa had a net margin of 6.05% and a return on equity of 6.35%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Research analysts predict that Arcosa, Inc. will post 3.39 earnings per share for the current fiscal year.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.22%. The ex-dividend date is Tuesday, October 15th. Arcosa’s dividend payout ratio is currently 6.85%.

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.