Boston Partners Lowers Stake in Arcosa, Inc. (NYSE:ACA)

Boston Partners cut its position in Arcosa, Inc. (NYSE:ACA) by 43.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 170,387 shares of the company’s stock after selling 130,727 shares during the quarter. Boston Partners’ holdings in Arcosa were worth $16,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Arcosa in the 4th quarter worth $15,919,000. Jacobs Levy Equity Management Inc. bought a new stake in Arcosa during the 3rd quarter valued at approximately $8,327,000. HighTower Advisors LLC lifted its holdings in Arcosa by 969.5% in the 3rd quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after purchasing an additional 65,841 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Arcosa by 236.8% during the third quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock valued at $8,766,000 after buying an additional 65,041 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after acquiring an additional 62,804 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Arcosa Stock Down 1.9 %

Shares of ACA opened at $80.25 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 30.51 and a beta of 0.81. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The business’s 50 day simple moving average is $93.12 and its 200-day simple moving average is $96.22.

Arcosa Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their price target 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.

About Arcosa

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.