Glenmede Trust Co. NA Sells 2,760 Shares of Arcosa, Inc. (NYSE:ACA)

Glenmede Trust Co. NA lowered its stake in shares of Arcosa, Inc. (NYSE:ACA) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,874 shares of the company’s stock after selling 2,760 shares during the period. Glenmede Trust Co. NA owned 0.42% of Arcosa worth $19,319,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in Arcosa during the second quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in Arcosa in the 2nd quarter valued at $69,000. KBC Group NV lifted its holdings in Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after purchasing an additional 242 shares during the last quarter. Bank & Trust Co acquired a new stake in Arcosa during the 2nd quarter valued at $196,000. Finally, First Trust Direct Indexing L.P. bought a new position in Arcosa during the third quarter worth $206,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Buying and Selling at Arcosa

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

Arcosa Stock Performance

NYSE ACA opened at $107.37 on Friday. The firm has a 50-day moving average price of $97.86 and a two-hundred day moving average price of $90.14. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The company has a market capitalization of $5.24 billion, a P/E ratio of 40.83 and a beta of 0.71. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa (NYSE:ACA) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. Arcosa had a net margin of 5.17% and a return on equity of 6.64%. The business had revenue of $640.40 million during the quarter, compared to analysts’ expectations of $682.52 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. Arcosa’s revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were paid a $0.05 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.19%. Arcosa’s dividend payout ratio (DPR) is 7.60%.

Analyst Upgrades and Downgrades

ACA has been the subject of several research analyst reports. Barclays initiated coverage on shares of Arcosa in a report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price for the company. Stephens raised 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. Finally, Oppenheimer increased their target price on Arcosa from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th.

Arcosa Company 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.