Proficio Capital Partners LLC Makes New Investment in Arcosa, Inc. (NYSE:ACA)

Proficio Capital Partners LLC acquired a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 29,796 shares of the company’s stock, valued at approximately $30,000. Proficio Capital Partners LLC owned approximately 0.06% of Arcosa as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACA. GAMMA Investing LLC raised its holdings in Arcosa by 80.9% during the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after buying an additional 148 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Arcosa in the third quarter worth $37,000. Blue Trust Inc. lifted its position in Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company’s stock valued at $118,000 after acquiring an additional 175 shares during the period. KBC Group NV grew its position in Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company’s stock valued at $135,000 after purchasing an additional 242 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Arcosa during the 4th quarter valued at about $161,000. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

ACA opened at $78.83 on Friday. The firm has a market capitalization of $3.84 billion, a PE ratio of 29.97 and a beta of 0.81. 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’s 50-day moving average is $95.01 and its two-hundred day moving average is $96.70. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43.

Arcosa Announces Dividend

The firm 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 annualized dividend and a yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa’s dividend payout ratio is currently 10.47%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their price target on shares of Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a report 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.