State of Tennessee Department of Treasury Trims Stake in Arcosa, Inc. (NYSE:ACA)

State of Tennessee Department of Treasury lowered its holdings in Arcosa, Inc. (NYSE:ACA) by 11.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,354 shares of the company’s stock after selling 2,681 shares during the period. State of Tennessee Department of Treasury’s holdings in Arcosa were worth $1,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in Arcosa by 102.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,326 shares of the company’s stock valued at $515,000 after purchasing an additional 2,699 shares during the period. MetLife Investment Management LLC raised its position in Arcosa by 4.6% in the fourth quarter. MetLife Investment Management LLC now owns 29,292 shares of the company’s stock valued at $2,834,000 after purchasing an additional 1,293 shares during the period. First Trust Advisors LP raised its position in Arcosa by 32.9% in the fourth quarter. First Trust Advisors LP now owns 592,394 shares of the company’s stock valued at $57,308,000 after purchasing an additional 146,711 shares during the period. Capital International Investors raised its position in Arcosa by 42.5% in the fourth 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. Finally, NewEdge Advisors LLC raised its position in Arcosa by 6.8% in the fourth quarter. NewEdge Advisors LLC now owns 18,273 shares of the company’s stock valued at $1,768,000 after purchasing an additional 1,159 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Trading Down 0.2 %

NYSE ACA opened at $80.06 on Tuesday. The firm has a 50 day simple moving average of $80.47 and a 200-day simple moving average of $93.62. 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, Inc. has a one year low of $68.11 and a one year high of $113.43. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 30.44 and a beta of 0.85.

Arcosa Dividend Announcement

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

Analysts Set New Price Targets

Separately, Oppenheimer increased their target price on 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.