Arcosa, Inc. (NYSE:ACA) Holdings Cut by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC cut its stake in shares of Arcosa, Inc. (NYSE:ACA) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,245 shares of the company’s stock after selling 228,181 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Arcosa were worth $16,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital International Investors boosted its position in Arcosa by 42.5% during the 4th quarter. Capital International Investors now owns 888,559 shares of the company’s stock valued at $85,959,000 after purchasing an additional 265,056 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Arcosa by 6.8% during the fourth quarter. NewEdge Advisors LLC now owns 18,273 shares of the company’s stock valued at $1,768,000 after acquiring an additional 1,159 shares during the period. Barclays PLC increased its holdings in shares of Arcosa by 5.1% in the 4th quarter. Barclays PLC now owns 85,929 shares of the company’s stock worth $8,313,000 after acquiring an additional 4,147 shares during the period. Summit Investment Advisors Inc. lifted its position in Arcosa by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company’s stock valued at $491,000 after purchasing an additional 235 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock valued at $291,831,000 after purchasing an additional 536,349 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Stock Up 0.5 %

ACA stock opened at $77.47 on Friday. The firm’s 50-day moving average is $83.53 and its two-hundred day moving average is $94.32. 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 company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 29.45 and a beta of 0.85. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43.

Arcosa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s payout ratio is currently 10.47%.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price objective on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research 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.