Swiss National Bank Buys 1,100 Shares of Arcosa, Inc. (NYSE:ACA)

Swiss National Bank increased its holdings in Arcosa, Inc. (NYSE:ACA) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,000 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Swiss National Bank’s holdings in Arcosa were worth $9,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Arcosa by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after buying an additional 14,708 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Arcosa in the fourth quarter worth approximately $30,000. Raymond James Financial Inc. purchased a new position in shares of Arcosa in the fourth quarter worth approximately $15,919,000. TCW Group Inc. boosted its holdings 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 buying an additional 4,539 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Arcosa by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 414,222 shares of the company’s stock worth $40,072,000 after buying an additional 4,599 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of NYSE:ACA opened at $79.49 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.61 and a quick ratio of 2.77. Arcosa, Inc. has a 1-year low of $72.75 and a 1-year high of $113.43. The company has a market capitalization of $3.88 billion, a P/E ratio of 30.22 and a beta of 0.81. The firm’s 50 day simple moving average is $92.87 and its two-hundred day simple moving average is $96.13.

Arcosa Announces Dividend

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

Wall Street Analyst Weigh In

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