Proficio Capital Partners LLC Invests $30,000 in Arcosa, Inc. (NYSE:ACA)

Proficio Capital Partners LLC bought a new position in Arcosa, Inc. (NYSE:ACA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,796 shares of the company's stock, valued at approximately $30,000. Proficio Capital Partners LLC owned about 0.06% of Arcosa as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ACA. GAMMA Investing LLC increased its position in shares of Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after purchasing an additional 148 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Arcosa in the 3rd quarter worth $37,000. Blue Trust Inc. raised its position in shares of Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock valued at $118,000 after buying an additional 175 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Arcosa during the 4th quarter worth $161,000. Finally, Smartleaf Asset Management LLC grew its position in Arcosa by 101.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,770 shares of the company's stock worth $172,000 after acquiring an additional 892 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

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

Remove Ads

Arcosa Trading Up 4.3 %

ACA traded up $3.38 on Wednesday, hitting $81.55. 332,093 shares of the company were exchanged, compared to its average volume of 263,648. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a 12 month low of $72.75 and a 12 month high of $113.43. The firm has a fifty day simple moving average of $90.13 and a two-hundred day simple moving average of $95.96. The stock has a market capitalization of $3.98 billion, a PE ratio of 31.01 and a beta of 0.81.

Arcosa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa's payout ratio is 10.47%.

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.