First Eagle Investment Management LLC Sells 5,500 Shares of Arcosa, Inc. (NYSE:ACA)

First Eagle Investment Management LLC lowered its stake in Arcosa, Inc. (NYSE:ACA - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,680 shares of the company's stock after selling 5,500 shares during the quarter. First Eagle Investment Management LLC owned 0.28% of Arcosa worth $13,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in Arcosa by 80.9% in the fourth quarter. GAMMA Investing LLC now owns 331 shares of the company's stock worth $32,000 after purchasing an additional 148 shares during the last quarter. Arizona State Retirement System boosted its holdings in Arcosa by 1.2% in the fourth quarter. Arizona State Retirement System now owns 14,159 shares of the company's stock worth $1,370,000 after purchasing an additional 170 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Arcosa by 16.4% during the 4th quarter. Blue Trust Inc. now owns 1,240 shares of the company's stock worth $118,000 after acquiring an additional 175 shares during the last quarter. KBC Group NV boosted its stake in shares of Arcosa by 20.5% during the 3rd quarter. KBC Group NV now owns 1,424 shares of the company's stock worth $135,000 after acquiring an additional 242 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Arcosa by 0.4% during the 4th quarter. HighTower Advisors LLC now owns 72,916 shares of the company's stock worth $7,054,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Oppenheimer lifted their price target on shares of Arcosa from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th.

Arcosa Stock Performance

Shares of Arcosa stock traded up $1.61 on Wednesday, hitting $81.77. 319,526 shares of the company's stock were exchanged, compared to its average volume of 241,966. The stock has a market capitalization of $3.99 billion, a PE ratio of 31.09 and a beta of 0.81. Arcosa, Inc. has a 1 year low of $72.75 and a 1 year high of $113.43. The company has a 50-day simple moving average of $93.68 and a 200-day simple moving average of $96.43. 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.24%. Arcosa's payout ratio is 10.47%.

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.