Bank of Montreal Can Cuts Holdings in Arcosa, Inc. (NYSE:ACA)

Bank of Montreal Can cut its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 47.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,234 shares of the company's stock after selling 7,494 shares during the quarter. Bank of Montreal Can's holdings in Arcosa were worth $797,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after buying an additional 148 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Arcosa by 1.2% in the 4th quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock worth $1,370,000 after purchasing an additional 170 shares during the period. Blue Trust Inc. raised its holdings in Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock valued at $118,000 after buying an additional 175 shares during the period. HighTower Advisors LLC lifted its position in Arcosa by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock worth $7,054,000 after buying an additional 284 shares during the last quarter. Finally, Xponance Inc. boosted its stake in Arcosa by 10.0% during the fourth quarter. Xponance Inc. now owns 3,505 shares of the company's stock worth $339,000 after buying an additional 319 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Arcosa Stock Up 1.3 %

ACA stock traded up $1.01 on Thursday, hitting $79.28. 18,588 shares of the company's stock were exchanged, compared to its average volume of 266,280. The firm has a 50 day moving average price of $81.63 and a two-hundred day moving average price of $93.90. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The stock has a market cap of $3.87 billion, a P/E ratio of 30.11 and a beta of 0.85. 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 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 given a dividend of $0.05 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Arcosa's dividend payout ratio is currently 10.47%.

Analyst Ratings Changes

Separately, Oppenheimer increased their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report 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.