KLP Kapitalforvaltning AS Takes Position in Arcosa, Inc. (NYSE:ACA)

KLP Kapitalforvaltning AS acquired a new position in Arcosa, Inc. (NYSE:ACA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,066 shares of the company’s stock, valued at approximately $974,000.

Several other hedge funds have also recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new stake in shares of Arcosa during the 4th quarter worth about $30,000. GAMMA Investing LLC lifted its holdings in Arcosa by 80.9% in the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock worth $32,000 after purchasing an additional 148 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Arcosa during the third quarter worth approximately $37,000. Flagship Wealth Advisors LLC acquired a new position in Arcosa during the fourth quarter valued at approximately $52,000. Finally, AlphaQuest LLC raised its position in shares of Arcosa by 12,050.0% in the fourth quarter. AlphaQuest LLC now owns 729 shares of the company’s stock valued at $71,000 after purchasing an additional 723 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Arcosa Price Performance

Shares of NYSE:ACA opened at $80.01 on Monday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 30.42 and a beta of 0.81. The business has a 50 day moving average price of $91.36 and a 200 day moving average price of $96.23. 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, Inc. has a twelve month low of $72.75 and a twelve month high of $113.43.

Arcosa Announces Dividend

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 paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. 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.