Guggenheim Capital LLC Sells 93,794 Shares of Arcosa, Inc. (NYSE:ACA)

Guggenheim Capital LLC lessened its holdings in Arcosa, Inc. (NYSE:ACA) by 95.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,337 shares of the company’s stock after selling 93,794 shares during the quarter. Guggenheim Capital LLC’s holdings in Arcosa were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in Arcosa in the 4th quarter worth about $73,178,000. Neuberger Berman Group LLC grew its stake in Arcosa by 21.6% in the 4th quarter. Neuberger Berman Group LLC now owns 3,016,597 shares of the company’s stock worth $291,831,000 after acquiring an additional 536,349 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Arcosa during the fourth quarter worth approximately $15,919,000. JPMorgan Chase & Co. raised its stake in shares of Arcosa by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company’s stock valued at $47,495,000 after acquiring an additional 70,919 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of Arcosa by 330.9% in the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock valued at $7,750,000 after purchasing an additional 62,804 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of ACA opened at $80.13 on Friday. The stock has a market capitalization of $3.91 billion, a PE ratio of 30.47 and a beta of 0.85. The company has a 50 day moving average price of $80.84 and a 200-day moving average price of $93.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. Arcosa, Inc. has a fifty-two week low of $68.11 and a fifty-two week high of $113.43.

Arcosa Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.25%. Arcosa’s dividend payout ratio (DPR) is presently 10.47%.

Wall Street Analysts Forecast Growth

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