Guggenheim Capital LLC Sells 93,794 Shares of Arcosa, Inc. (NYSE:ACA)

Guggenheim Capital LLC lessened its holdings in Arcosa, Inc. (NYSE:ACA - Free Report) by 95.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,337 shares of the company's stock after selling 93,794 shares during the quarter. Guggenheim Capital LLC's holdings in Arcosa were worth $420,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ACA. Barclays PLC raised its position in Arcosa by 5.1% in the fourth quarter. Barclays PLC now owns 85,929 shares of the company's stock worth $8,313,000 after purchasing an additional 4,147 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Arcosa by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,077 shares of the company's stock worth $491,000 after buying an additional 235 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Arcosa by 21.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company's stock worth $291,831,000 after buying an additional 536,349 shares during the period. Raymond James Financial Inc. bought a new stake in Arcosa in the fourth quarter valued at $15,919,000. Finally, FIL Ltd raised its stake in Arcosa by 10.0% during the fourth quarter. FIL Ltd now owns 205,430 shares of the company's stock worth $19,873,000 after acquiring an additional 18,671 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Ratings Changes

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

Arcosa Price Performance

Shares of ACA stock traded up $2.03 during trading hours on Friday, hitting $84.08. 37,275 shares of the company's stock were exchanged, compared to its average volume of 303,143. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. The stock's 50-day moving average is $79.68 and its 200-day moving average is $93.34. 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 stock has a market cap of $4.10 billion, a price-to-earnings ratio of 31.95 and a beta of 0.85.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Tuesday, April 15th. Arcosa's dividend payout ratio (DPR) is presently 10.47%.

Arcosa 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.