BNP Paribas Financial Markets Sells 7,815 Shares of Arcosa, Inc. (NYSE:ACA)

BNP Paribas Financial Markets lowered its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 41.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,934 shares of the company's stock after selling 7,815 shares during the quarter. BNP Paribas Financial Markets' holdings in Arcosa were worth $1,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of Arcosa during the 2nd quarter worth approximately $25,000. Innealta Capital LLC acquired a new stake in shares of Arcosa during the 2nd quarter worth approximately $69,000. KBC Group NV grew its holdings in shares of Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after purchasing an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in shares of Arcosa during the 3rd quarter worth approximately $206,000. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of Arcosa during the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ACA. Oppenheimer upped their price target on Arcosa from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Barclays started coverage on shares of Arcosa in a report on Tuesday, October 29th. They issued an "overweight" rating and a $106.00 target price on the stock.

Insiders Place Their Bets

In other news, Director Steven J. Demetriou purchased 6,000 shares of Arcosa stock in a transaction dated Thursday, September 12th. The shares were bought at an average cost of $87.70 per share, with a total value of $526,200.00. Following the completion of the transaction, the director now directly owns 9,943 shares in the company, valued at $872,001.10. This trade represents a 152.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

Arcosa Price Performance

ACA traded up $0.91 during trading on Wednesday, hitting $107.97. The company's stock had a trading volume of 214,108 shares, compared to its average volume of 240,729. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 40.71 and a beta of 0.74. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The firm's 50 day moving average price is $100.39 and its two-hundred day moving average price is $91.51.

Arcosa (NYSE:ACA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $640.40 million for the quarter, compared to analyst estimates of $682.52 million. Arcosa had a return on equity of 6.64% and a net margin of 5.17%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Sell-side analysts forecast that Arcosa, Inc. will post 3.37 earnings per share for the current fiscal year.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Tuesday, October 15th. Arcosa's dividend payout ratio is presently 7.60%.

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.