Impax Asset Management Group plc Has $12.33 Million Position in Arcosa, Inc. (NYSE:ACA)

Impax Asset Management Group plc lessened its holdings in Arcosa, Inc. (NYSE:ACA) by 25.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 127,500 shares of the company’s stock after selling 42,500 shares during the quarter. Impax Asset Management Group plc’s holdings in Arcosa were worth $12,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACA. 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 acquiring an additional 148 shares during the period. Point72 DIFC Ltd bought a new position in Arcosa during the 3rd quarter valued at about $37,000. Blue Trust Inc. lifted its holdings in Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after purchasing an additional 175 shares during the last quarter. KBC Group NV boosted its position in Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after buying an additional 242 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Arcosa during the fourth quarter worth about $161,000. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ACA shares. Barclays started coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target on the stock. 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 0.9 %

ACA opened at $92.16 on Tuesday. The firm has a 50 day simple moving average of $98.75 and a 200 day simple moving average of $96.90. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 35.04 and a beta of 0.76. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, January 15th. Arcosa’s dividend payout ratio (DPR) is currently 7.60%.

Arcosa 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.