Arcosa, Inc. (NYSE:ACA) Stock Holdings Reduced by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in Arcosa, Inc. (NYSE:ACA) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,500 shares of the company’s stock after selling 42,500 shares during the period. Impax Asset Management Group plc owned about 0.26% of Arcosa worth $12,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company’s stock valued at $187,756,000 after buying an additional 22,258 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Arcosa by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock worth $107,047,000 after buying an additional 16,032 shares during the last quarter. Franklin Resources Inc. grew its stake in Arcosa by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock valued at $74,214,000 after buying an additional 47,474 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Arcosa by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 236,543 shares of the company’s stock worth $22,883,000 after acquiring an additional 6,577 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Arcosa by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company’s stock worth $19,035,000 after acquiring an additional 1,408 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Arcosa Stock Down 0.9 %

ACA stock opened at $92.16 on Tuesday. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. 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 company has a market cap of $4.50 billion, a PE ratio of 35.04 and a beta of 0.76. The business’s 50-day simple moving average is $98.75 and its 200 day simple moving average is $96.90.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, January 15th. Arcosa’s payout ratio is presently 7.60%.

Wall Street Analysts Forecast Growth

ACA has been the subject of several research analyst reports. Barclays started coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective for the company. Oppenheimer raised their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th.

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.