Sage Rhino Capital LLC Buys Shares of 2,073 Arcosa, Inc. (NYSE:ACA)

Sage Rhino Capital LLC purchased a new position in shares of Arcosa, Inc. (NYSE:ACA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,073 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Arcosa by 101.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,770 shares of the company’s stock valued at $172,000 after purchasing an additional 892 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Arcosa in the 4th quarter valued at $30,000. Oppenheimer & Co. Inc. increased its stake in shares of Arcosa by 3.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,717 shares of the company’s stock valued at $1,714,000 after purchasing an additional 546 shares during the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Arcosa during the 4th quarter worth $218,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Arcosa by 1.1% during the 4th 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. Institutional investors own 90.66% of the company’s stock.

Arcosa Stock Down 3.0 %

Shares of ACA opened at $81.38 on Tuesday. Arcosa, Inc. has a 52 week low of $72.75 and a 52 week high of $113.43. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 30.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.77 and a current ratio of 3.61. The stock has a fifty day moving average of $97.87 and a 200-day moving average of $97.12.

Arcosa Dividend Announcement

The company 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 $0.05 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 annualized dividend and a yield of 0.25%. Arcosa’s dividend payout ratio is presently 10.47%.

Wall Street Analysts Forecast Growth

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