Raymond James Financial Inc. Invests $15.92 Million in Arcosa, Inc. (NYSE:ACA)

Raymond James Financial Inc. bought a new stake in shares of Arcosa, Inc. (NYSE:ACA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 164,555 shares of the company’s stock, valued at approximately $15,919,000. Raymond James Financial Inc. owned approximately 0.34% of Arcosa as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Arcosa by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company’s stock worth $63,740,000 after purchasing an additional 14,708 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 buying an additional 70,919 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Arcosa in the 4th quarter worth $30,000. TCW Group Inc. grew its position in shares of Arcosa by 11.0% during the fourth quarter. TCW Group Inc. now owns 45,673 shares of the company’s stock valued at $4,418,000 after purchasing an additional 4,539 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 in the last quarter. Institutional investors own 90.66% of the company’s stock.

Arcosa Price Performance

Shares of Arcosa stock opened at $75.19 on Tuesday. The stock has a 50 day moving average price of $82.54 and a 200-day moving average price of $94.13. Arcosa, Inc. has a one year low of $68.11 and a one year high of $113.43. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 28.59 and a beta of 0.85. 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 Announces Dividend

The company also recently announced 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. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s dividend payout ratio is currently 10.47%.

Analyst Ratings Changes

Separately, Oppenheimer upped their price objective on Arcosa from $105.00 to $110.00 and gave the stock 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.