SG Americas Securities LLC reduced its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 64.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,978 shares of the company's stock after selling 5,415 shares during the period. SG Americas Securities LLC's holdings in Arcosa were worth $288,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after buying an additional 148 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Arcosa in the 3rd quarter worth approximately $37,000. KBC Group NV lifted its holdings in Arcosa by 20.5% in the 3rd quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after purchasing an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Arcosa in the 3rd quarter worth approximately $206,000. Finally, Sawgrass Asset Management LLC purchased a new position in Arcosa in the 3rd quarter worth approximately $215,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Oppenheimer upped their price objective on Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Barclays started coverage on Arcosa in a research report on Tuesday, October 29th. They set an "overweight" rating and a $106.00 target price on the stock.
Check Out Our Latest Stock Analysis on Arcosa
Arcosa Trading Down 1.8 %
Arcosa stock traded down $1.83 during mid-day trading on Friday, hitting $101.71. The company's stock had a trading volume of 258,634 shares, compared to its average volume of 246,768. The company has a 50 day moving average of $100.82 and a 200-day moving average of $95.84. The stock has a market cap of $4.96 billion, a PE ratio of 38.67 and a beta of 0.76. 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 one year low of $72.75 and a one year high of $113.43.
Arcosa Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Wednesday, January 15th. Arcosa's dividend payout ratio (DPR) is presently 7.60%.
About Arcosa
(
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.
See Also
Before you consider Arcosa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arcosa wasn't on the list.
While Arcosa currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
