162,800 Shares of Arcosa, Inc. $ACA Purchased by First Trust Capital Management L.P.

First Trust Capital Management L.P. acquired a new position in shares of Arcosa, Inc. (NYSE:ACA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 162,800 shares of the company’s stock, valued at approximately $23,793,000. Arcosa makes up approximately 1.1% of First Trust Capital Management L.P.’s holdings, making the stock its 14th biggest position.

Other large investors have also recently made changes to their positions in the company. Maryland State Retirement & Pension System lifted its stake in Arcosa by 53.0% in the third quarter. Maryland State Retirement & Pension System now owns 10,929 shares of the company’s stock worth $1,597,000 after acquiring an additional 3,788 shares during the last quarter. Jacobi Capital Management LLC acquired a new position in Arcosa during the 3rd quarter worth approximately $77,000. New York Life Investment Management LLC acquired a new position in Arcosa during the 3rd quarter worth approximately $5,601,000. StoneX Group Inc. purchased a new stake in shares of Arcosa in the 3rd quarter valued at approximately $255,000. Finally, Pictet Asset Management Holding SA increased its position in shares of Arcosa by 9.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 7,609 shares of the company’s stock valued at $1,112,000 after purchasing an additional 656 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Arcosa Stock Up 0.0%

ACA opened at $149.21 on Friday. Arcosa, Inc. has a 52 week low of $91.40 and a 52 week high of $149.50. The business has a 50 day moving average price of $147.35 and a two-hundred day moving average price of $132.64. The company has a quick ratio of 2.31, a current ratio of 3.12 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.33 billion, a PE ratio of 14.95, a P/E/G ratio of 2.24 and a beta of 1.08.

Arcosa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.1%. Arcosa’s dividend payout ratio (DPR) is 2.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACA. Stephens set a $150.00 price objective on shares of Arcosa in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Arcosa from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, October 12th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Arcosa presently has an average rating of “Hold” and an average price target of $141.25.

Arcosa Profile

Arcosa, Inc. is a North American provider of products and materials used in infrastructure, construction, energy and transportation markets. The company became an independent public company in 2018 after being spun off from Trinity Industries. Its businesses include construction materials such as natural and recycled aggregates and specialty materials, as well as engineered structures for electric utilities, telecommunications and wind energy. Arcosa also makes products for transportation and infrastructure applications.