Arcosa, Inc. (NYSE:ACA) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 138.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,000 shares of the company's stock after acquiring an additional 90,000 shares during the quarter. Impax Asset Management Group plc owned 0.32% of Arcosa worth $12,809,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in Arcosa in the 4th quarter worth $220,000. Bridges Investment Management Inc. purchased a new stake in shares of Arcosa during the fourth quarter worth about $207,000. Welch Group LLC raised its position in shares of Arcosa by 33.3% during the 4th quarter. Welch Group LLC now owns 4,000 shares of the company's stock worth $331,000 after purchasing an additional 1,000 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Arcosa in the 4th quarter valued at about $36,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Arcosa in the 4th quarter worth about $277,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Arcosa Price Performance

ACA traded down $2.19 during trading on Wednesday, reaching $81.43. The company's stock had a trading volume of 171,330 shares, compared to its average volume of 213,228. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 24.98 and a beta of 0.66. The firm has a fifty day simple moving average of $82.89 and a two-hundred day simple moving average of $77.70. Arcosa, Inc. has a 1 year low of $57.74 and a 1 year high of $89.07. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.24.

Arcosa (NYSE:ACA - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.35. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The firm had revenue of $582.20 million for the quarter, compared to the consensus estimate of $554.54 million. During the same quarter last year, the business posted $0.24 earnings per share. The firm's revenue was up 16.4% compared to the same quarter last year. As a group, analysts anticipate that Arcosa, Inc. will post 3.38 EPS for the current year.

Arcosa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Friday, April 12th. Arcosa's payout ratio is currently 6.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Oppenheimer increased their target price on Arcosa from $85.00 to $90.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. DA Davidson boosted their price target on Arcosa from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.00.

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.