Invesco Ltd. Reduces Stock Position in Arcosa, Inc. (NYSE:ACA)

Invesco Ltd. reduced its position in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 177,775 shares of the company's stock after selling 18,931 shares during the period. Invesco Ltd. owned approximately 0.36% of Arcosa worth $17,198,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after purchasing an additional 148 shares in the last quarter. Arizona State Retirement System increased its holdings in Arcosa by 1.2% in the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock valued at $1,370,000 after buying an additional 170 shares in the last quarter. Blue Trust Inc. increased its holdings in Arcosa by 16.4% in the fourth 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. HighTower Advisors LLC lifted its position in shares of Arcosa by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock valued at $7,054,000 after acquiring an additional 284 shares during the period. Finally, Xponance Inc. boosted its stake in shares of Arcosa by 10.0% during the 4th quarter. Xponance Inc. now owns 3,505 shares of the company's stock worth $339,000 after acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Arcosa Price Performance

NYSE ACA traded down $0.50 during trading hours on Friday, reaching $80.00. The company's stock had a trading volume of 42,911 shares, compared to its average volume of 266,195. 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 stock has a market cap of $3.90 billion, a PE ratio of 30.42 and a beta of 0.85. The company's 50-day moving average is $81.24 and its two-hundred day moving average is $93.81. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43.

Arcosa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. Arcosa's dividend payout ratio (DPR) is 10.47%.

Analyst Upgrades and Downgrades

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

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.