Proficio Capital Partners LLC Buys New Shares in Arcosa, Inc. (NYSE:ACA)

Proficio Capital Partners LLC purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,796 shares of the company’s stock, valued at approximately $30,000. Proficio Capital Partners LLC owned about 0.06% of Arcosa as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Arcosa by 80.9% during 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 during the period. Point72 DIFC Ltd purchased a new stake in Arcosa during the 3rd quarter valued at about $37,000. Blue Trust Inc. grew its holdings in shares of Arcosa by 16.4% during the fourth quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after buying an additional 175 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Arcosa during the fourth quarter valued at approximately $161,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Arcosa by 101.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,770 shares of the company’s stock valued at $172,000 after buying an additional 892 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Performance

Arcosa stock opened at $80.01 on Friday. The company has a market cap of $3.90 billion, a PE ratio of 30.42 and a beta of 0.81. Arcosa, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43. 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’s 50-day moving average price is $91.36 and its 200-day moving average price is $96.06.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid 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 is currently 10.47%.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their target price 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.

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.