First Eagle Investment Management LLC Has $13.32 Million Holdings in Arcosa, Inc. (NYSE:ACA)

First Eagle Investment Management LLC lessened its holdings in shares of Arcosa, Inc. (NYSE:ACA) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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’s holdings in Arcosa were worth $13,319,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ACA. Raymond James Financial Inc. acquired a new position in Arcosa during the fourth quarter worth approximately $15,919,000. Jacobs Levy Equity Management Inc. acquired a new position in Arcosa during the third quarter worth approximately $8,327,000. HighTower Advisors LLC increased its position in Arcosa by 969.5% during the third quarter. HighTower Advisors LLC now owns 72,632 shares of the company’s stock worth $6,812,000 after buying an additional 65,841 shares during the last quarter. Point72 Asset Management L.P. increased its position in Arcosa by 236.8% during the third quarter. Point72 Asset Management L.P. now owns 92,512 shares of the company’s stock worth $8,766,000 after buying an additional 65,041 shares during the last quarter. Finally, Barclays PLC increased its position in Arcosa by 330.9% during the third quarter. Barclays PLC now owns 81,782 shares of the company’s stock worth $7,750,000 after buying an additional 62,804 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

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

Arcosa Trading Up 2.6 %

Shares of NYSE:ACA opened at $80.84 on Friday. Arcosa, Inc. has a 12-month low of $72.75 and a 12-month high of $113.43. The stock has a market cap of $3.94 billion, a PE ratio of 30.74 and a beta of 0.81. The business has a 50 day moving average of $94.65 and a 200-day moving average of $96.58. The company has a quick ratio of 2.77, a current ratio of 3.61 and a debt-to-equity ratio of 0.51.

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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Tuesday, April 15th. Arcosa’s dividend payout ratio is presently 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.