Hsbc Holdings PLC acquired a new stake in Arcosa Inc (NYSE:ACA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,252 shares of the company’s stock, valued at approximately $395,000.
Other large investors have also recently bought and sold shares of the company. Shine Investment Advisory Services Inc. purchased a new stake in Arcosa during the fourth quarter worth approximately $31,000. FTB Advisors Inc. purchased a new position in shares of Arcosa in the fourth quarter valued at $63,000. LSV Asset Management purchased a new position in shares of Arcosa in the fourth quarter valued at $62,000. Bessemer Group Inc. purchased a new position in shares of Arcosa in the fourth quarter valued at $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Arcosa in the fourth quarter valued at $78,000. 81.86% of the stock is owned by institutional investors and hedge funds.
NYSE ACA traded down $0.34 during trading hours on Friday, reaching $29.91. 324,796 shares of the company traded hands, compared to its average volume of 267,514. The company has a market capitalization of $1.45 billion and a price-to-earnings ratio of 16.43. Arcosa Inc has a 12 month low of $21.00 and a 12 month high of $35.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.85 and a quick ratio of 1.77.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, April 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. Arcosa’s dividend payout ratio (DPR) is 10.99%.
In related news, major shareholder Valueact Capital Master Fund, sold 1,395,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $33.02, for a total value of $46,062,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.
ACA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine upgraded shares of Arcosa from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Oppenheimer began coverage on shares of Arcosa in a research note on Monday, March 4th. They issued an “outperform” rating and a $40.00 target price for the company. Stephens began coverage on shares of Arcosa in a research note on Monday, March 18th. They set an “equal weight” rating on the stock. Finally, DA Davidson began coverage on shares of Arcosa in a research note on Thursday, March 21st. They set a “buy” rating and a $29.74 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.15.
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Arcosa, Inc manufactures and sells infrastructure-related products and services for the construction, energy, and transportation markets. It operates through three segments: Construction Products Group, Energy Equipment Group, and Transportation Products Group. The Construction Products Group segment offers lightweight and natural construction aggregates, and trench shields and shoring products that are used in construction landscape, including commercial, industrial, road and bridge, and underground construction.
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