Arcosa, Inc. (NYSE:ACA) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its holdings in Arcosa, Inc. (NYSE:ACA) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,215 shares of the company’s stock after selling 841 shares during the period. Illinois Municipal Retirement Fund’s holdings in Arcosa were worth $2,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FourThought Financial Partners LLC acquired a new stake in Arcosa in the fourth quarter valued at $218,000. Bank of New York Mellon Corp lifted its position in shares of Arcosa by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after purchasing an additional 4,599 shares during the last quarter. TCW Group Inc. lifted its position in shares of Arcosa by 11.0% during the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock worth $4,418,000 after purchasing an additional 4,539 shares during the last quarter. Capital Advisory Group Advisory Services LLC acquired a new position in Arcosa in the fourth quarter worth about $237,000. Finally, Handelsbanken Fonder AB increased its holdings in Arcosa by 13.1% in the fourth quarter. Handelsbanken Fonder AB now owns 11,200 shares of the company’s stock valued at $1,083,000 after buying an additional 1,300 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Arcosa Trading Down 2.0 %

Arcosa stock opened at $91.50 on Friday. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The firm’s 50-day moving average is $98.18 and its 200-day moving average is $96.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The company has a market cap of $4.46 billion, a P/E ratio of 34.79 and a beta of 0.76.

Arcosa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.22%. Arcosa’s dividend payout ratio is currently 7.60%.

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.