Invesco Ltd. Has $17.20 Million Stock Position in Arcosa, Inc. (NYSE:ACA)

Invesco Ltd. lessened its holdings in Arcosa, Inc. (NYSE:ACA) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,775 shares of the company’s stock after selling 18,931 shares during the period. Invesco Ltd. owned 0.36% of Arcosa worth $17,198,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Arcosa by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock valued at $63,740,000 after purchasing an additional 14,708 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Arcosa by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company’s stock worth $47,495,000 after acquiring an additional 70,919 shares in the last quarter. Raymond James Financial Inc. bought a new position in Arcosa during the fourth quarter worth about $15,919,000. Proficio Capital Partners LLC bought a new stake in shares of Arcosa during the fourth quarter worth approximately $30,000. Finally, TCW Group Inc. increased its position in shares of Arcosa by 11.0% in the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock worth $4,418,000 after purchasing an additional 4,539 shares during the period. 90.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer boosted their price objective on Arcosa from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th.

Arcosa Price Performance

Shares of Arcosa stock opened at $77.47 on Monday. The company’s fifty day simple moving average is $83.04 and its two-hundred day simple moving average is $94.25. Arcosa, Inc. has a 12-month low of $68.11 and a 12-month high of $113.43. The firm has a market cap of $3.78 billion, a PE ratio of 29.45 and a beta of 0.85. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

Arcosa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Tuesday, April 15th. Arcosa’s payout ratio is 10.47%.

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.