Blue Trust Inc. Cuts Position in Arcosa, Inc. (NYSE:ACA)

Blue Trust Inc. lowered its stake in shares of Arcosa, Inc. (NYSE:ACA) by 30.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 742 shares of the company’s stock after selling 323 shares during the quarter. Blue Trust Inc.’s holdings in Arcosa were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ACA. GAMMA Investing LLC grew its holdings in shares of Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after purchasing an additional 148 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Arcosa in the third quarter valued at about $37,000. KBC Group NV lifted its position in shares of Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after acquiring an additional 242 shares during the period. First Trust Direct Indexing L.P. acquired a new stake in shares of Arcosa during the 3rd quarter valued at approximately $206,000. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of Arcosa during the 3rd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

NYSE ACA opened at $92.79 on Monday. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 35.28 and a beta of 0.76. The company has a 50-day moving average price of $99.07 and a two-hundred day moving average price of $96.83.

Arcosa Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ACA shares. Barclays started coverage on shares of Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price objective for the company. Oppenheimer lifted their target price 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 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.