Prudential Financial Inc. Sells 6,994 Shares of Arcosa, Inc. (NYSE:ACA)

Prudential Financial Inc. cut its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,453 shares of the company’s stock after selling 6,994 shares during the quarter. Prudential Financial Inc.’s holdings in Arcosa were worth $4,784,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in Arcosa during the 4th quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in Arcosa by 80.9% during the 4th quarter. GAMMA Investing LLC now owns 331 shares of the company’s stock valued at $32,000 after buying an additional 148 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Arcosa during the third quarter valued at approximately $37,000. Flagship Wealth Advisors LLC purchased a new position in shares of Arcosa in the fourth quarter worth $52,000. Finally, AlphaQuest LLC boosted its position in shares of Arcosa by 12,050.0% during the fourth quarter. AlphaQuest LLC now owns 729 shares of the company’s stock worth $71,000 after acquiring an additional 723 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Performance

NYSE ACA opened at $77.21 on Tuesday. 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 business has a 50 day simple moving average of $90.95 and a two-hundred day simple moving average of $96.16. The stock has a market capitalization of $3.77 billion, a PE ratio of 29.36 and a beta of 0.81.

Arcosa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.26%. The ex-dividend date is Tuesday, April 15th. Arcosa’s dividend payout ratio is presently 10.47%.

Analysts Set New Price Targets

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.

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.