Wilmington Savings Fund Society FSB Has $246,000 Stake in Alcoa Co. (NYSE:AA)

Wilmington Savings Fund Society FSB lifted its position in shares of Alcoa Co. (NYSE:AA) by 5.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,521 shares of the industrial products company’s stock after purchasing an additional 328 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Alcoa were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama raised its position in Alcoa by 41.6% in the 3rd quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock valued at $12,107,000 after buying an additional 92,201 shares during the last quarter. ING Groep NV purchased a new stake in Alcoa in the 3rd quarter valued at $10,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Alcoa by 6.2% in 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 buying an additional 36,869 shares during the last quarter. Aigen Investment Management LP raised its position in Alcoa by 73.0% in the 3rd quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company’s stock valued at $1,422,000 after buying an additional 15,546 shares during the last quarter. Finally, Mountaineer Partners Management LLC grew its stake in Alcoa by 4,023.0% in 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 purchasing an additional 10,534,036 shares during the period.

Alcoa Stock Down 2.3 %

AA stock opened at $36.32 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $9.38 billion, a PE ratio of -227.00, a PEG ratio of 0.20 and a beta of 2.43. Alcoa Co. has a twelve month low of $24.86 and a twelve month high of $47.77. The stock has a 50-day simple moving average of $37.66 and a two-hundred day simple moving average of $37.60.

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

Analyst Upgrades and Downgrades

AA has been the subject of a number of recent analyst reports. Argus upgraded Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price objective on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. BMO Capital Markets upped their price objective on Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Bank of America upped their price objective on Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group reduced their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.55.

About Alcoa

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.