Dynamic Technology Lab Private Ltd acquired a new stake in Arcosa, Inc. (NYSE:ACA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,620 shares of the company's stock, valued at approximately $544,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Arcosa by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock worth $63,740,000 after acquiring an additional 14,708 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Arcosa by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock valued at $47,495,000 after purchasing an additional 70,919 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Arcosa in the fourth quarter valued at about $15,919,000. Proficio Capital Partners LLC acquired a new position in Arcosa during the fourth quarter worth about $30,000. Finally, TCW Group Inc. increased its holdings in Arcosa by 11.0% in the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company's stock valued at $4,418,000 after buying an additional 4,539 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.
Analyst Ratings Changes
Separately, Oppenheimer raised their price objective on Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th.
Get Our Latest Stock Report on ACA
Arcosa Price Performance
Shares of Arcosa stock traded up $1.86 during trading on Friday, hitting $77.17. 242,792 shares of the company were exchanged, compared to its average volume of 269,102. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $85.52 and a 200 day moving average price of $94.79. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 29.34 and a beta of 0.85. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43.
Arcosa Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa's payout ratio is 10.47%.
Arcosa Company Profile
(
Free Report)
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.
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