Arcosa, Inc. (NYSE:ACA) Stake Lowered by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC cut its stake in shares of Arcosa, Inc. (NYSE:ACA) by 58.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 331 shares of the company’s stock after selling 458 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Arcosa were worth $32,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ACA. Proficio Capital Partners LLC bought a new position in shares of Arcosa during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after buying an additional 148 shares in the last quarter. Point72 DIFC Ltd bought a new position in Arcosa in the 3rd quarter worth approximately $37,000. AlphaQuest LLC grew its holdings in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company’s stock worth $71,000 after buying an additional 723 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Arcosa by 16.4% in the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock worth $118,000 after buying an additional 175 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer increased their price objective on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th.

Arcosa Stock Performance

ACA opened at $78.55 on Tuesday. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 29.87 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The business has a 50 day moving average price of $96.02 and a two-hundred day moving average price of $96.95.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Arcosa’s dividend payout ratio (DPR) is 10.47%.

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.