Invesco Ltd. reduced its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,775 shares of the company's stock after selling 18,931 shares during the quarter. Invesco Ltd. owned 0.36% of Arcosa worth $17,198,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in shares of Arcosa by 2.3% in the 4th quarter. Cerity Partners LLC now owns 19,736 shares of the company's stock worth $1,882,000 after acquiring an additional 441 shares during the period. Envestnet Asset Management Inc. raised its position in Arcosa by 6.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,312 shares of the company's stock worth $1,578,000 after acquiring an additional 986 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Arcosa in the fourth quarter valued at about $544,000. Wells Fargo & Company MN grew its holdings in Arcosa by 14.8% during the 4th quarter. Wells Fargo & Company MN now owns 49,085 shares of the company's stock valued at $4,748,000 after buying an additional 6,325 shares during the last quarter. Finally, Scalar Gauge Management LLC acquired a new position in shares of Arcosa in the fourth quarter worth $774,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Oppenheimer lifted their price objective on Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th.
Check Out Our Latest Research Report on ACA
Arcosa Trading Up 2.9 %
Shares of NYSE ACA traded up $2.29 during midday trading on Thursday, hitting $80.56. The stock had a trading volume of 101,542 shares, compared to its average volume of 266,648. The company has a fifty day moving average price of $81.63 and a 200 day moving average price of $93.90. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 30.67 and a beta of 0.85. Arcosa, Inc. has a 1-year low of $68.11 and a 1-year high of $113.43. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.
Arcosa Dividend Announcement
The firm 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 0.25%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa's dividend payout ratio is presently 10.47%.
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.
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