Hillsdale Investment Management Inc. Purchases 390 Shares of Arcosa, Inc. (NYSE:ACA)

Hillsdale Investment Management Inc. boosted its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,360 shares of the company’s stock after buying an additional 390 shares during the period. Hillsdale Investment Management Inc.’s holdings in Arcosa were worth $3,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock valued at $32,000 after acquiring an additional 148 shares in the last quarter. Arizona State Retirement System raised its stake in Arcosa by 1.2% in the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company’s stock valued at $1,370,000 after purchasing an additional 170 shares in the last quarter. Blue Trust Inc. lifted its position in Arcosa by 16.4% during the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after purchasing an additional 175 shares during the last quarter. HighTower Advisors LLC grew its stake in Arcosa by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company’s stock worth $7,054,000 after buying an additional 284 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Arcosa by 10.0% in the 4th quarter. Xponance Inc. now owns 3,505 shares of the company’s stock worth $339,000 after buying an additional 319 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Arcosa stock opened at $79.49 on Friday. The firm has a fifty day simple moving average of $92.87 and a two-hundred day simple moving average of $96.20. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. The company has a market capitalization of $3.88 billion, a PE ratio of 30.22 and a beta of 0.81.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa’s payout ratio is 10.47%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their price objective on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th.

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.