Alcoa Co. (NYSE:AA) Shares Bought by Lbp Am Sa

Lbp Am Sa boosted its stake in shares of Alcoa Co. (NYSE:AA) by 14.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,092 shares of the industrial products company’s stock after purchasing an additional 4,400 shares during the quarter. Lbp Am Sa’s holdings in Alcoa were worth $1,326,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its position in Alcoa by 41.6% during the 3rd quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock worth $12,107,000 after purchasing an additional 92,201 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Alcoa by 6.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company’s stock valued at $24,233,000 after acquiring an additional 36,869 shares during the period. Mountaineer Partners Management LLC grew its position in shares of Alcoa by 4,023.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after acquiring an additional 10,534,036 shares during the period. Geode Capital Management LLC grew its position in shares of Alcoa by 42.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after acquiring an additional 1,239,479 shares during the period. Finally, Impala Asset Management LLC acquired a new stake in shares of Alcoa during the 3rd quarter valued at about $6,366,000. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Stock Up 3.9 %

AA stock opened at $33.56 on Friday. The firm has a market cap of $8.69 billion, a PE ratio of -209.73, a PEG ratio of 0.19 and a beta of 2.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The firm’s 50 day moving average price is $35.44 and its 200-day moving average price is $37.91. Alcoa Co. has a one year low of $27.12 and a one year high of $47.77.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, equities research analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 4th. Alcoa’s payout ratio is presently -250.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AA shares. HC Wainwright lifted their price objective on Alcoa to $90.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Bank of America lifted their price objective on Alcoa to $58.00 and gave the stock a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. BMO Capital Markets lifted their price objective on Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Finally, Morgan Stanley decreased their target price on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.17.

Alcoa Profile

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.