Wells Fargo & Company MN Purchases 6,325 Shares of Arcosa, Inc. (NYSE:ACA)

Wells Fargo & Company MN boosted its position in Arcosa, Inc. (NYSE:ACA) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 49,085 shares of the company’s stock after purchasing an additional 6,325 shares during the quarter. Wells Fargo & Company MN’s holdings in Arcosa were worth $4,748,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACA. Vanguard Group Inc. raised its position in shares of Arcosa by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,666,144 shares of the company’s stock worth $548,143,000 after buying an additional 14,207 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Arcosa by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 778,246 shares of the company’s stock valued at $74,214,000 after acquiring an additional 47,474 shares during the last quarter. Norges Bank bought a new stake in shares of Arcosa during the 4th quarter valued at about $73,178,000. Charles Schwab Investment Management Inc. grew its holdings 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. Finally, JPMorgan Chase & Co. raised its stake in Arcosa by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company’s stock valued at $47,495,000 after purchasing an additional 70,919 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Oppenheimer increased their price target 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 Stock Performance

Shares of ACA stock opened at $77.47 on Monday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 29.45 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, Inc. has a one year low of $68.11 and a one year high of $113.43. The company’s 50-day moving average is $83.04 and its 200 day moving average is $94.25.

Arcosa Announces Dividend

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

Arcosa 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.