Dynamic Technology Lab Private Ltd Takes Position in Arcosa, Inc. (NYSE:ACA)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,620 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Arcosa by 95.7% in the 3rd quarter. FMR LLC now owns 36,097 shares of the company’s stock worth $3,421,000 after acquiring an additional 17,648 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Arcosa by 76.8% in the third quarter. Captrust Financial Advisors now owns 4,809 shares of the company’s stock valued at $456,000 after purchasing an additional 2,089 shares during the period. HighTower Advisors LLC increased its position in Arcosa by 969.5% during the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after purchasing an additional 65,841 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Arcosa during the third quarter worth about $37,000. Finally, State Street Corp boosted its holdings in Arcosa by 1.1% in the 3rd quarter. State Street Corp now owns 1,981,385 shares of the company’s stock valued at $187,756,000 after purchasing an additional 22,258 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Stock Down 1.0 %

Shares of ACA opened at $71.66 on Tuesday. The company’s 50-day moving average price is $88.56 and its 200 day moving average price is $95.59. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.50 billion, a P/E ratio of 27.25 and a beta of 0.85.

Arcosa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s dividend payout ratio (DPR) is 10.47%.

Analyst Ratings Changes

Separately, Oppenheimer raised their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th.

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.