JPMorgan Chase & Co. decreased its position in Arcosa, Inc. (NYSE:ACA – Free Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 420,035 shares of the company’s stock after selling 7,357 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.86% of Arcosa worth $39,803,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of ACA. Point72 DIFC Ltd bought a new position in Arcosa in the 3rd quarter worth approximately $37,000. KBC Group NV grew its stake in shares of Arcosa by 20.5% in the third quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after acquiring an additional 242 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in Arcosa during the third quarter worth $206,000. Sawgrass Asset Management LLC bought a new position in Arcosa during the third quarter worth $215,000. Finally, M&T Bank Corp bought a new stake in Arcosa in the 3rd quarter valued at $219,000. 90.66% of the stock is owned by institutional investors.
Arcosa Stock Performance
Arcosa stock opened at $98.53 on Monday. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The company’s 50-day moving average is $103.05 and its two-hundred day moving average is $93.52. 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 company has a market cap of $4.81 billion, a PE ratio of 37.46 and a beta of 0.76.
Arcosa Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.20%. Arcosa’s payout ratio is 7.60%.
Analyst Ratings Changes
Separately, Barclays initiated coverage on Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock.
Get Our Latest Analysis on Arcosa
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.
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