Intech Investment Management LLC Acquires 23,159 Shares of Arcosa, Inc. (NYSE:ACA)

Intech Investment Management LLC lifted its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 218.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,779 shares of the company's stock after buying an additional 23,159 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Arcosa worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in 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 acquiring an additional 22,258 shares in the last quarter. Geode Capital Management LLC lifted its position 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 period. Franklin Resources Inc. lifted its position 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 period. Charles Schwab Investment Management Inc. grew 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. Finally, Bank of New York Mellon Corp increased its holdings in 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 buying an additional 4,599 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

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Arcosa Price Performance

NYSE ACA traded up $2.18 during trading on Monday, hitting $81.84. 241,070 shares of the company's stock were exchanged, compared to its average volume of 244,504. The stock's 50 day moving average price is $92.87 and its two-hundred day moving average price is $96.29. Arcosa, Inc. has a fifty-two week low of $72.75 and a fifty-two week high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.99 billion, a PE ratio of 31.12 and a beta of 0.81.

Arcosa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Tuesday, April 15th. Arcosa's dividend payout ratio (DPR) is 10.47%.

Wall Street Analysts Forecast Growth

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

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.