Wells Fargo & Company MN Acquires 6,325 Shares of Arcosa, Inc. (NYSE:ACA)

Wells Fargo & Company MN boosted its position in Arcosa, Inc. (NYSE:ACA - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,085 shares of the company's stock after purchasing an additional 6,325 shares during the quarter. Wells Fargo & Company MN owned approximately 0.10% of Arcosa worth $4,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACA. Scalar Gauge Management LLC purchased a new position in Arcosa during the fourth quarter valued at $774,000. Pictet Asset Management Holding SA boosted its stake in Arcosa by 10.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,851 shares of the company's stock worth $663,000 after purchasing an additional 663 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Arcosa in the 4th quarter worth about $287,000. Norges Bank purchased a new position in Arcosa in the fourth quarter worth about $73,178,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Arcosa by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock valued at $47,495,000 after buying an additional 70,919 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Wall Street Analyst Weigh In

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

Arcosa Price Performance

Shares of NYSE ACA traded down $0.50 during mid-day trading on Friday, hitting $80.00. 42,911 shares of the company's stock traded hands, compared to its average volume of 266,195. The company has a market capitalization of $3.90 billion, a P/E ratio of 30.42 and a beta of 0.85. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year 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's 50-day moving average is $81.24 and its two-hundred day moving average is $93.81.

Arcosa Dividend Announcement

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