Illinois Municipal Retirement Fund Has $2.30 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Illinois Municipal Retirement Fund lowered its position in shares of Arcosa, Inc. (NYSE:ACA) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,806 shares of the company’s stock after selling 1,097 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Arcosa were worth $2,298,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in Arcosa by 11.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,961 shares of the company’s stock worth $644,000 after purchasing an additional 905 shares during the last quarter. Raymond James & Associates lifted its holdings in Arcosa by 0.5% in the third quarter. Raymond James & Associates now owns 31,555 shares of the company’s stock valued at $2,269,000 after buying an additional 157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Arcosa by 9.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,604 shares of the company’s stock valued at $691,000 after acquiring an additional 851 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Arcosa by 8.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 291,172 shares of the company’s stock worth $20,935,000 after acquiring an additional 23,091 shares during the period. Finally, Advisor Partners II LLC raised its position in shares of Arcosa by 105.2% during the 3rd quarter. Advisor Partners II LLC now owns 6,661 shares of the company’s stock valued at $479,000 after acquiring an additional 3,415 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

ACA has been the topic of several recent research reports. DA Davidson raised 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. Oppenheimer raised their target price on Arcosa from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Arcosa Price Performance

Shares of ACA stock opened at $76.70 on Friday. 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, Inc. has a 12-month low of $57.74 and a 12-month high of $89.07. The firm has a fifty day moving average of $82.20 and a 200-day moving average of $78.12. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 23.53 and a beta of 0.66.

Arcosa (NYSE:ACA) last posted its earnings results on Friday, February 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.35. The firm had revenue of $582.20 million during the quarter, compared to analysts’ expectations of $554.54 million. Arcosa had a return on equity of 6.90% and a net margin of 6.90%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, equities research analysts forecast that Arcosa, Inc. will post 3.38 earnings per share for the current year.

Arcosa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.20 annualized dividend and a yield of 0.26%. Arcosa’s dividend payout ratio (DPR) is currently 6.13%.

Arcosa 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.