Millennium Management LLC Increases Stock Holdings in Arcosa Inc (NYSE:ACA)
Millennium Management LLC lifted its stake in shares of Arcosa Inc (NYSE:ACA) by 763.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,996 shares of the company’s stock after buying an additional 107,868 shares during the quarter. Millennium Management LLC owned 0.25% of Arcosa worth $4,173,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in ACA. Raffles Associates LP increased its holdings in Arcosa by 20.0% during the 3rd quarter. Raffles Associates LP now owns 30,000 shares of the company’s stock worth $1,026,000 after purchasing an additional 5,000 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Arcosa by 117.5% during the 3rd quarter. Squarepoint Ops LLC now owns 20,250 shares of the company’s stock worth $693,000 after purchasing an additional 10,939 shares during the last quarter. California State Teachers Retirement System increased its holdings in Arcosa by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 75,871 shares of the company’s stock worth $2,596,000 after purchasing an additional 906 shares during the last quarter. Ancora Advisors LLC increased its holdings in Arcosa by 14.4% during the 3rd quarter. Ancora Advisors LLC now owns 379,360 shares of the company’s stock worth $12,978,000 after purchasing an additional 47,735 shares during the last quarter. Finally, River Road Asset Management LLC purchased a new stake in Arcosa during the 3rd quarter worth approximately $654,000. Institutional investors and hedge funds own 81.58% of the company’s stock.
Shares of NYSE ACA opened at $43.33 on Friday. Arcosa Inc has a twelve month low of $22.94 and a twelve month high of $43.63. The company has a current ratio of 3.01, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.94 billion and a price-to-earnings ratio of 23.81. The business has a 50 day simple moving average of $38.64 and a 200-day simple moving average of $35.79.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Arcosa’s dividend payout ratio (DPR) is 10.99%.
Several equities research analysts have issued reports on ACA shares. Zacks Investment Research downgraded Arcosa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Sidoti lifted their price objective on Arcosa from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday. Finally, ValuEngine downgraded Arcosa from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.44.
Arcosa Company Profile
Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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