JPMorgan Chase & Co. Increases Position in Arcosa, Inc. (NYSE:ACA)

JPMorgan Chase & Co. increased its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,954 shares of the company's stock after purchasing an additional 70,919 shares during the quarter. JPMorgan Chase & Co. owned 1.01% of Arcosa worth $47,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Arcosa during the fourth quarter valued at about $15,919,000. HighTower Advisors LLC raised its stake in shares of Arcosa by 969.5% during the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company's stock valued at $6,812,000 after acquiring an additional 65,841 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Arcosa by 236.8% during the third quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company's stock valued at $8,766,000 after acquiring an additional 65,041 shares during the last quarter. Barclays PLC increased its position in shares of Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company's stock valued at $7,750,000 after buying an additional 62,804 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Arcosa by 385.5% during the fourth quarter. Victory Capital Management Inc. now owns 76,145 shares of the company's stock valued at $7,366,000 after buying an additional 60,460 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

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Analyst Upgrades and Downgrades

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

Arcosa Trading Down 2.7 %

Shares of NYSE ACA traded down $2.12 during midday trading on Thursday, hitting $76.08. 26,325 shares of the company traded hands, compared to its average volume of 312,194. The firm has a market cap of $3.71 billion, a P/E ratio of 28.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The stock has a 50-day moving average price of $86.51 and a 200 day moving average price of $95.03.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa's dividend payout ratio (DPR) is presently 10.47%.

About Arcosa

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.