Smartleaf Asset Management LLC Buys 892 Shares of Arcosa, Inc. (NYSE:ACA)

Smartleaf Asset Management LLC raised its stake in Arcosa, Inc. (NYSE:ACA) by 101.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,770 shares of the company’s stock after purchasing an additional 892 shares during the period. Smartleaf Asset Management LLC’s holdings in Arcosa were worth $172,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of Arcosa in the 3rd quarter valued at $8,327,000. HighTower Advisors LLC raised its stake in shares of Arcosa by 969.5% in the 3rd quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock valued at $6,812,000 after buying an additional 65,841 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Arcosa by 236.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock valued at $8,766,000 after buying an additional 65,041 shares in the last quarter. Barclays PLC raised its stake in shares of Arcosa by 330.9% in the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after buying an additional 62,804 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Arcosa by 6.5% in the 3rd 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. 90.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer increased their price objective 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 Trading Down 1.1 %

Shares of Arcosa stock opened at $81.41 on Friday. The stock has a market capitalization of $3.97 billion, a P/E ratio of 30.96 and a beta of 0.81. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $96.77 and a 200 day simple moving average of $96.96. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43.

Arcosa Dividend Announcement

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

About Arcosa

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.