Arcosa, Inc. $ACA Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of Arcosa, Inc. (NYSE:ACA) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,398,937 shares of the company’s stock after selling 77,145 shares during the period. Vanguard Group Inc. owned about 0.11% of Arcosa worth $505,934,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Arcosa by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 376,794 shares of the company’s stock worth $35,309,000 after buying an additional 6,713 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Arcosa by 0.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 22,357 shares of the company’s stock worth $2,095,000 after acquiring an additional 139 shares during the period. HighTower Advisors LLC lifted its holdings in Arcosa by 2.0% in the third quarter. HighTower Advisors LLC now owns 85,446 shares of the company’s stock worth $8,007,000 after acquiring an additional 1,643 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in Arcosa by 15.0% in the third quarter. Public Sector Pension Investment Board now owns 191,334 shares of the company’s stock worth $17,930,000 after acquiring an additional 24,892 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in Arcosa by 3.5% in the third quarter. Illinois Municipal Retirement Fund now owns 26,204 shares of the company’s stock valued at $2,456,000 after acquiring an additional 877 shares during the period. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

ACA has been the topic of several recent research reports. Wall Street Zen raised Arcosa from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Barclays raised their target price on Arcosa from $106.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Arcosa in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.50.

Arcosa Price Performance

Shares of ACA opened at $126.73 on Thursday. Arcosa, Inc. has a one year low of $68.11 and a one year high of $131.00. The stock’s fifty day moving average is $116.08 and its 200-day moving average is $104.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 2.02. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, April 15th. Arcosa’s dividend payout ratio is currently 6.62%.

Arcosa Company Profile

Arcosa, Inc (NYSE: ACA) is a Dallas‐based industrial company that was formed through the spin‐off of Trinity Industries’ construction products business in 2018. Since its inception, Arcosa has focused on the manufacture and sale of critical infrastructure components, serving a diverse set of end markets including transportation, construction and energy.

The company’s Construction Products segment produces a broad range of highway safety products, such as guardrail systems, sign supports and crash cushions, as well as aggregates and ready‐mix concrete.