Loomis Sayles & Co. L P Sells 9,709 Shares of Arcosa, Inc. (NYSE:ACA)

Loomis Sayles & Co. L P reduced its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 910,290 shares of the company’s stock after selling 9,709 shares during the period. Loomis Sayles & Co. L P’s holdings in Arcosa were worth $88,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACA. JPMorgan Chase & Co. grew its position in Arcosa by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company’s stock valued at $47,495,000 after purchasing an additional 70,919 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Arcosa in the fourth quarter valued at about $200,000. Sheets Smith Investment Management bought a new stake in Arcosa during the fourth quarter worth about $1,257,000. Vanguard Group Inc. boosted its position in Arcosa by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock valued at $548,143,000 after purchasing an additional 14,207 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Arcosa by 13.7% in the fourth quarter. LPL Financial LLC now owns 8,797 shares of the company’s stock valued at $851,000 after purchasing an additional 1,057 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Trading Down 1.5 %

Shares of NYSE:ACA opened at $81.15 on Thursday. Arcosa, Inc. has a 52-week low of $72.75 and a 52-week high of $113.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The company has a market capitalization of $3.96 billion, a P/E ratio of 30.86 and a beta of 0.81. The company has a 50-day simple moving average of $92.02 and a 200 day simple moving average of $96.18.

Arcosa Announces Dividend

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

Wall Street Analysts Forecast Growth

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