Charles Schwab Investment Management Inc. Purchases 14,708 Shares of Arcosa, Inc. (NYSE:ACA)

Charles Schwab Investment Management Inc. grew its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 658,875 shares of the company's stock after purchasing an additional 14,708 shares during the period. Charles Schwab Investment Management Inc. owned about 1.35% of Arcosa worth $63,740,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp raised its position in shares of Arcosa by 1.1% in the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company's stock valued at $187,756,000 after buying an additional 22,258 shares in the last quarter. Geode Capital Management LLC lifted its stake in Arcosa by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company's stock worth $107,047,000 after purchasing an additional 16,032 shares during the last quarter. Franklin Resources Inc. lifted its stake in Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company's stock worth $74,214,000 after purchasing an additional 47,474 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Arcosa by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company's stock valued at $40,072,000 after purchasing an additional 4,599 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Arcosa by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 236,543 shares of the company's stock valued at $22,883,000 after purchasing an additional 6,577 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price target on shares of Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th.

Arcosa Trading Down 1.6 %

Shares of ACA traded down $1.28 during trading hours on Thursday, hitting $78.83. 252,994 shares of the stock were exchanged, compared to its average volume of 291,939. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The business has a 50-day moving average of $95.01 and a 200-day moving average of $96.70. The firm has a market capitalization of $3.84 billion, a P/E ratio of 29.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Arcosa's dividend payout ratio is currently 10.47%.

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.