Franklin Resources Inc. lowered its holdings in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 755,153 shares of the company's stock after selling 23,093 shares during the quarter. Franklin Resources Inc. owned 1.55% of Arcosa worth $73,053,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in Arcosa during the 4th quarter worth approximately $30,000. GAMMA Investing LLC increased its position in shares of Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after acquiring an additional 148 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Arcosa during the third quarter worth $37,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Arcosa during the fourth quarter worth $52,000. Finally, AlphaQuest LLC lifted its position in Arcosa by 12,050.0% in the 4th quarter. AlphaQuest LLC now owns 729 shares of the company's stock valued at $71,000 after acquiring an additional 723 shares in the last quarter. Institutional investors own 90.66% of the company's stock.
Arcosa Stock Up 2.4 %
Shares of ACA traded up $1.75 during mid-day trading on Tuesday, hitting $73.57. 43,269 shares of the company's stock were exchanged, compared to its average volume of 307,847. The company has a 50-day simple moving average of $88.56 and a 200 day simple moving average of $95.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The company has a market cap of $3.59 billion, a PE ratio of 27.99 and a beta of 0.85. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43.
Arcosa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.27%. Arcosa's payout ratio is currently 10.47%.
Analysts Set New Price Targets
Separately, Oppenheimer increased their target price on Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th.
Check Out Our Latest Stock Analysis on ACA
Arcosa 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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