Trust Co. of Toledo NA OH Invests $40,000 in Arcosa, Inc. $ACA

Trust Co. of Toledo NA OH acquired a new position in Arcosa, Inc. (NYSE:ACA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 462 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Arcosa by 10.9% during the 1st quarter. HighTower Advisors LLC now owns 80,844 shares of the company’s stock worth $6,235,000 after acquiring an additional 7,928 shares during the period. Pacific Capital Partners Ltd purchased a new position in Arcosa during the first quarter worth $6,748,000. SG Americas Securities LLC boosted its stake in shares of Arcosa by 267.7% during the first quarter. SG Americas Securities LLC now owns 10,950 shares of the company’s stock valued at $844,000 after purchasing an additional 7,972 shares during the period. GAMMA Investing LLC boosted its stake in shares of Arcosa by 223.0% during the first quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $82,000 after purchasing an additional 738 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Arcosa in the first quarter valued at about $550,000. Institutional investors own 90.66% of the company’s stock.

Insider Transactions at Arcosa

In other Arcosa news, insider Bryan Stevenson sold 4,000 shares of Arcosa stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $99.02, for a total transaction of $396,080.00. Following the completion of the sale, the insider directly owned 38,089 shares in the company, valued at $3,771,572.78. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kerry S. Cole sold 7,966 shares of Arcosa stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $95.77, for a total value of $762,903.82. Following the completion of the transaction, the insider directly owned 19,769 shares of the company’s stock, valued at approximately $1,893,277.13. This represents a 28.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Arcosa in a report on Wednesday, October 8th. DA Davidson upped their target price on Arcosa from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Arcosa has an average rating of “Moderate Buy” and an average price target of $112.00.

Arcosa Trading Up 1.8%

Shares of ACA stock opened at $90.78 on Tuesday. The stock has a 50 day simple moving average of $94.84 and a 200-day simple moving average of $88.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 1.35. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 48.29 and a beta of 0.98. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43.

Arcosa (NYSE:ACA) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.60 earnings per share for the quarter. Arcosa had a return on equity of 6.25% and a net margin of 3.45%.The company had revenue of $515.10 million for the quarter. On average, equities research analysts expect that Arcosa, Inc. will post 3.23 EPS for the current fiscal year.

Arcosa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.2%. Arcosa’s dividend payout ratio is presently 10.64%.

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.