Envestnet Asset Management Inc. Has $1.58 Million Holdings in Arcosa, Inc. (NYSE:ACA)

Envestnet Asset Management Inc. increased its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,312 shares of the company’s stock after buying an additional 986 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Arcosa were worth $1,578,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ACA. Proficio Capital Partners LLC acquired a new stake in Arcosa during the 4th quarter worth $30,000. GAMMA Investing LLC raised its stake in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after buying an additional 148 shares during the period. Flagship Wealth Advisors LLC acquired a new stake in Arcosa during the 4th quarter worth $52,000. AlphaQuest LLC raised its stake in Arcosa by 12,050.0% during the 4th quarter. AlphaQuest LLC now owns 729 shares of the company’s stock worth $71,000 after buying an additional 723 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in Arcosa by 1,044.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 950 shares of the company’s stock worth $92,000 after buying an additional 867 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

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

Arcosa Price Performance

ACA stock opened at $80.06 on Tuesday. The stock has a 50-day moving average price of $80.47 and a two-hundred day moving average price of $93.62. The stock has a market cap of $3.91 billion, a PE ratio of 30.44 and a beta of 0.85. The company has a current ratio of 3.61, a quick ratio of 2.77 and a debt-to-equity ratio of 0.51. Arcosa, Inc. has a 1 year low of $68.11 and a 1 year high of $113.43.

Arcosa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Tuesday, April 15th. Arcosa’s payout ratio is 10.47%.

Arcosa Company Profile

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.