FIL Ltd Buys 18,671 Shares of Arcosa, Inc. (NYSE:ACA)

FIL Ltd increased its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,430 shares of the company's stock after acquiring an additional 18,671 shares during the period. FIL Ltd owned about 0.42% of Arcosa worth $19,873,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ACA. Cerity Partners LLC increased its position in shares of Arcosa by 2.3% during the 4th quarter. Cerity Partners LLC now owns 19,736 shares of the company's stock valued at $1,882,000 after purchasing an additional 441 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings 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 buying an additional 986 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Arcosa in the fourth quarter worth about $544,000. Wells Fargo & Company MN boosted its stake in Arcosa by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,085 shares of the company's stock valued at $4,748,000 after acquiring an additional 6,325 shares during the last quarter. Finally, Scalar Gauge Management LLC bought a new position in shares of Arcosa during the 4th quarter valued at approximately $774,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Arcosa Stock Performance

Shares of ACA traded up $0.89 during trading hours on Thursday, hitting $77.95. The company's stock had a trading volume of 77,362 shares, compared to its average volume of 268,874. The business has a 50 day simple moving average of $84.03 and a two-hundred day simple moving average of $94.44. Arcosa, Inc. has a 52-week low of $68.11 and a 52-week high of $113.43. 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 $3.80 billion, a price-to-earnings ratio of 29.54 and a beta of 0.85.

Arcosa Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Arcosa's dividend 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.