Kennedy Capital Management LLC Reduces Stock Position in Arcosa, Inc. (NYSE:ACA)

Kennedy Capital Management LLC decreased its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,230 shares of the company's stock after selling 3,733 shares during the period. Kennedy Capital Management LLC owned approximately 0.18% of Arcosa worth $8,729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Arcosa by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company's stock worth $548,143,000 after acquiring an additional 14,207 shares during the period. Neuberger Berman Group LLC raised its holdings in Arcosa by 21.6% in the fourth quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock worth $291,831,000 after purchasing an additional 536,349 shares in the last quarter. State Street Corp lifted its position in Arcosa by 1.1% during the third quarter. State Street Corp now owns 1,981,385 shares of the company's stock valued at $187,756,000 after buying an additional 22,258 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Arcosa by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,129,456 shares of the company's stock valued at $107,047,000 after buying an additional 16,032 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Arcosa by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company's stock worth $74,214,000 after buying an additional 47,474 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

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Arcosa Stock Down 0.5 %

Shares of ACA traded down $0.36 on Tuesday, hitting $77.55. 207,376 shares of the stock traded hands, compared to its average volume of 268,950. The company has a market capitalization of $3.78 billion, a PE ratio of 29.49 and a beta of 0.85. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. 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 business has a 50 day simple moving average of $85.03 and a 200 day simple moving average of $94.68.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa's payout ratio is currently 10.47%.

Analyst Ratings Changes

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

Arcosa Company Profile

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.