Arcosa, Inc. (NYSE:ACA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in Arcosa, Inc. (NYSE:ACA) by 64.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,978 shares of the company’s stock after selling 5,415 shares during the quarter. SG Americas Securities LLC’s holdings in Arcosa were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Arcosa by 80.9% in 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. Point72 DIFC Ltd purchased a new stake in shares of Arcosa during the 3rd quarter worth $37,000. KBC Group NV boosted its position in shares of Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock worth $135,000 after purchasing an additional 242 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new position in shares of Arcosa during the 3rd quarter worth $206,000. Finally, Sawgrass Asset Management LLC purchased a new position in shares of Arcosa in the 3rd quarter valued at about $215,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of NYSE ACA opened at $102.66 on Thursday. 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 stock has a market cap of $5.01 billion, a price-to-earnings ratio of 39.03 and a beta of 0.76. The company’s 50-day moving average price is $101.04 and its 200 day moving average price is $95.68. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43.

Arcosa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.19%. Arcosa’s dividend payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays initiated coverage on shares of Arcosa in a research report on Tuesday, October 29th. They set an “overweight” rating and a $106.00 target price on the stock. Oppenheimer upped their price target on 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.