Gabelli Funds LLC Sells 19,600 Shares of Arcosa, Inc. (NYSE:ACA)

Gabelli Funds LLC decreased its stake in shares of Arcosa, Inc. (NYSE:ACA - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,451 shares of the company's stock after selling 19,600 shares during the period. Gabelli Funds LLC owned about 0.30% of Arcosa worth $14,168,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in Arcosa by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 658,875 shares of the company's stock valued at $63,740,000 after purchasing an additional 14,708 shares during the period. JPMorgan Chase & Co. increased its holdings in Arcosa by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 490,954 shares of the company's stock worth $47,495,000 after buying an additional 70,919 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Arcosa in the fourth quarter worth about $15,919,000. Proficio Capital Partners LLC purchased a new position in Arcosa in the fourth quarter valued at about $30,000. Finally, TCW Group Inc. increased its stake in shares of Arcosa by 11.0% during the 4th quarter. TCW Group Inc. now owns 45,673 shares of the company's stock worth $4,418,000 after purchasing an additional 4,539 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

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

Arcosa Stock Performance

ACA stock traded up $1.36 during midday trading on Tuesday, reaching $76.35. 37,619 shares of the company's stock traded hands, compared to its average volume of 309,927. The firm has a market capitalization of $3.72 billion, a PE ratio of 29.06 and a beta of 0.85. The company has a 50-day moving average price of $82.54 and a two-hundred day moving average price of $94.13. Arcosa, Inc. has a 52 week low of $68.11 and a 52 week high of $113.43. 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 Dividend Announcement

The business 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 $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 0.26%. Arcosa's dividend payout ratio is currently 10.47%.

Arcosa Company 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.