New York Life Investment Management LLC Sells 889 Shares of Arcosa, Inc. (NYSE:ACA)

New York Life Investment Management LLC trimmed its holdings in shares of Arcosa, Inc. (NYSE:ACAFree Report) by 13.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,641 shares of the company’s stock after selling 889 shares during the period. New York Life Investment Management LLC’s holdings in Arcosa were worth $406,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of Arcosa by 0.7% during the 2nd quarter. Franklin Resources Inc. now owns 770,157 shares of the company’s stock worth $58,355,000 after buying an additional 5,692 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Arcosa during the 3rd quarter worth approximately $2,078,000. Jackson Creek Investment Advisors LLC boosted its holdings in shares of Arcosa by 4.8% during the 2nd quarter. Jackson Creek Investment Advisors LLC now owns 15,893 shares of the company’s stock worth $1,204,000 after buying an additional 726 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Arcosa during the 2nd quarter worth approximately $261,000. Finally, Raymond James & Associates lifted its holdings in shares of Arcosa by 0.5% in the 3rd quarter. Raymond James & Associates now owns 31,555 shares of the company’s stock worth $2,269,000 after purchasing an additional 157 shares in the last quarter. 88.09% of the stock is currently owned by institutional investors.

Arcosa Price Performance

Shares of ACA opened at $83.52 on Friday. Arcosa, Inc. has a 12-month low of $55.47 and a 12-month high of $84.21. The business’s fifty day moving average is $79.86 and its 200 day moving average is $75.59. The company has a quick ratio of 1.46, a current ratio of 2.35 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.07 billion, a P/E ratio of 14.20 and a beta of 0.66.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date was Thursday, January 11th. Arcosa’s dividend payout ratio (DPR) is presently 3.40%.

Analyst Upgrades and Downgrades

Separately, Sidoti upgraded Arcosa from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Tuesday, October 17th.

Check Out Our Latest Analysis on ACA

Arcosa Company Profile

(Free Report)

Arcosa, Inc, together with its subsidiaries, provides infrastructure-related products and solutions for the construction, engineered structures, and transportation markets in North America. It operates through three segments: Construction Products, Engineered Structures, and Transportation Products. The Construction Products segment offers natural and recycled aggregates; specialty materials; and construction site support equipment, including trench shields and shoring products for residential and non-residential construction, and specialty/other products, as well as for infrastructure construction.

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Institutional Ownership by Quarter for Arcosa (NYSE:ACA)

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