River Global Investors LLP Sells 37,227 Shares of Arcosa, Inc. (NYSE:ACA)

River Global Investors LLP lessened its position in shares of Arcosa, Inc. (NYSE:ACA) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,001 shares of the company’s stock after selling 37,227 shares during the period. Arcosa comprises 0.8% of River Global Investors LLP’s holdings, making the stock its 26th largest position. River Global Investors LLP owned approximately 0.09% of Arcosa worth $4,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Arcosa during the fourth quarter worth about $30,000. GAMMA Investing LLC boosted its position in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after acquiring an additional 148 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Arcosa during the 3rd quarter worth approximately $37,000. Blue Trust Inc. grew its stake in shares of Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock worth $118,000 after acquiring an additional 175 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of 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 purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Stock Performance

Shares of NYSE ACA opened at $79.69 on Friday. The stock has a market capitalization of $3.89 billion, a PE ratio of 30.30 and a beta of 0.81. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The stock has a 50 day moving average price of $96.39 and a 200 day moving average price of $96.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Arcosa’s dividend payout ratio is presently 10.47%.

Wall Street Analyst Weigh In

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