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

Vestmark Advisory Solutions Inc. lowered its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 31.8% in the 4th quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its position in shares of Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company’s stock worth $187,756,000 after purchasing an additional 22,258 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Arcosa by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company’s stock worth $107,047,000 after purchasing an additional 16,032 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock worth $74,214,000 after purchasing an additional 47,474 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Arcosa by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after purchasing an additional 14,708 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Arcosa by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after purchasing an additional 4,599 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer increased their target price on Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th.

Arcosa Stock Performance

NYSE ACA opened at $79.69 on Monday. The stock has a market capitalization of $3.89 billion, a PE ratio of 30.30 and a beta of 0.81. The business has a 50 day simple moving average of $96.02 and a two-hundred day simple moving average of $96.95. 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, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43.

Arcosa Announces Dividend

The business 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 of this dividend is Tuesday, April 15th. Arcosa’s payout ratio is 10.47%.

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.