ClariVest Asset Management LLC purchased a new position in Arcosa Inc (NYSE:ACA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,017 shares of the company’s stock, valued at approximately $946,000.
Several other large investors also recently modified their holdings of ACA. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Arcosa in the 4th quarter worth $78,000. Oppenheimer Asset Management Inc. acquired a new stake in Arcosa in the 4th quarter valued at $128,000. KBC Group NV acquired a new stake in Arcosa in the 4th quarter valued at $124,000. Advisors Asset Management Inc. acquired a new stake in Arcosa in the 4th quarter valued at $266,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Arcosa in the 4th quarter valued at $284,000. 82.21% of the stock is currently owned by institutional investors.
Shares of Arcosa stock opened at $36.34 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.51 and a quick ratio of 1.41. The stock has a market cap of $1.76 billion and a PE ratio of 19.97. Arcosa Inc has a 1-year low of $21.00 and a 1-year high of $39.74.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. Arcosa’s dividend payout ratio is presently 10.99%.
ACA has been the subject of several recent research reports. DA Davidson initiated coverage on Arcosa in a report on Thursday, March 21st. They issued a “buy” rating and a $29.74 price target for the company. Oppenheimer initiated coverage on Arcosa in a report on Monday, March 4th. They issued an “outperform” rating and a $40.00 price target for the company. Stephens initiated coverage on Arcosa in a report on Monday, March 18th. They issued an “equal weight” rating for the company. Finally, Zacks Investment Research upgraded Arcosa from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $39.95.
In other news, insider Valueact Capital Master Fund, sold 1,500,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $36.03, for a total transaction of $54,045,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by company insiders.
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Arcosa Company Profile
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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