Susquehanna Fundamental Investments LLC bought a new position in Arcosa, Inc. (NYSE:ACA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,605 shares of the company's stock, valued at approximately $6,540,000. Susquehanna Fundamental Investments LLC owned 0.14% of Arcosa at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in Arcosa by 330.9% in the 3rd quarter. Barclays PLC now owns 81,782 shares of the company's stock worth $7,750,000 after purchasing an additional 62,804 shares during the period. Franklin Resources Inc. grew its holdings in shares of Arcosa by 6.5% during the third quarter. Franklin Resources Inc. now owns 778,246 shares of the company's stock valued at $74,214,000 after buying an additional 47,474 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock valued at $32,000 after buying an additional 148 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Arcosa by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 196,766 shares of the company's stock valued at $19,035,000 after buying an additional 1,408 shares during the period. Finally, Sheets Smith Wealth Management purchased a new stake in Arcosa in the 4th quarter worth about $536,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Oppenheimer lifted their target price on Arcosa from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th.
Read Our Latest Stock Report on Arcosa
Arcosa Stock Up 2.6 %
ACA traded up $2.11 during trading on Friday, reaching $84.16. 219,474 shares of the stock traded hands, compared to its average volume of 266,018. The stock's 50-day simple moving average is $79.51 and its two-hundred day simple moving average is $93.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 32.00 and a beta of 0.85.
Arcosa Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Arcosa's dividend payout ratio is 10.47%.
About Arcosa
(
Free Report)
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.
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