Vestmark Advisory Solutions Inc. Cuts Stake in Arcosa, Inc. (NYSE:ACA)

Vestmark Advisory Solutions Inc. reduced its stake in Arcosa, Inc. (NYSE:ACA) by 31.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,389 shares of the company’s stock after selling 1,114 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Arcosa were worth $231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted 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 valued at $32,000 after purchasing an additional 148 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Arcosa during the third quarter valued at $37,000. Blue Trust Inc. lifted its holdings in shares of Arcosa by 16.4% during the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after purchasing an additional 175 shares in the last quarter. KBC Group NV lifted its holdings in shares of Arcosa by 20.5% during the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after purchasing an additional 242 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Arcosa in the fourth quarter valued at about $161,000. 90.66% of the stock is owned by institutional investors.

Arcosa Stock Down 2.1 %

ACA stock opened at $79.69 on Monday. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The business’s 50-day moving average is $96.02 and its two-hundred day moving average is $96.95. 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 $3.89 billion, a price-to-earnings ratio of 30.30 and a beta of 0.81.

Arcosa Announces Dividend

The business also recently declared 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s payout ratio is 10.47%.

Analyst Ratings Changes

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