Cibc World Markets Corp Invests $439,000 in Arcosa, Inc. (NYSE:ACA)

Cibc World Markets Corp acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,541 shares of the company's stock, valued at approximately $439,000.

Several other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 14,708 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Arcosa during the 4th quarter worth about $15,919,000. Proficio Capital Partners LLC acquired a new stake in shares of Arcosa during the 4th quarter valued at about $30,000. TCW Group Inc. increased its stake 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 acquiring an additional 4,539 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Arcosa by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company's stock valued at $40,072,000 after acquiring an additional 4,599 shares during the period. Institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

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

Remove Ads

Arcosa Price Performance

Shares of NYSE:ACA traded up $0.52 on Thursday, hitting $81.88. The stock had a trading volume of 405,026 shares, compared to its average volume of 246,954. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 31.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The firm's 50 day moving average price is $92.02 and its 200-day moving average price is $96.18. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43.

Arcosa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa's dividend payout ratio (DPR) is currently 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.