KBC Group NV Purchases 744 Shares of Arcosa, Inc. (NYSE:ACA)

KBC Group NV increased its position in shares of Arcosa, Inc. (NYSE:ACA) by 52.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,168 shares of the company’s stock after purchasing an additional 744 shares during the period. KBC Group NV’s holdings in Arcosa were worth $210,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Peregrine Asset Advisers Inc. bought a new stake in shares of Arcosa during the third quarter valued at approximately $590,000. Squarepoint Ops LLC bought a new stake in Arcosa in the 2nd quarter valued at $614,000. Barclays PLC boosted its holdings in shares of Arcosa by 330.9% during the 3rd quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after purchasing an additional 62,804 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Arcosa by 152.2% during the third quarter. Harbor Capital Advisors Inc. now owns 195,358 shares of the company’s stock valued at $18,512,000 after purchasing an additional 117,892 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Arcosa by 969.5% in 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. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ACA. Barclays initiated coverage on Arcosa in a research note on Tuesday, October 29th. They set an “overweight” rating and a $106.00 price target for the company. Oppenheimer raised their target price on shares of Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th.

Arcosa Price Performance

NYSE:ACA opened at $101.37 on Wednesday. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 38.54 and a beta of 0.76. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. The business has a 50 day simple moving average of $101.13 and a 200-day simple moving average of $95.63. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43.

Arcosa Dividend Announcement

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

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.