Natixis Advisors LLC Increases Position in Alcoa Co. (NYSE:AA)

Natixis Advisors LLC increased its stake in shares of Alcoa Co. (NYSE:AA) by 27.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,808 shares of the industrial products company’s stock after purchasing an additional 2,742 shares during the quarter. Natixis Advisors LLC’s holdings in Alcoa were worth $484,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AA. SBI Securities Co. Ltd. acquired a new position in Alcoa during the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC increased its holdings in shares of Alcoa by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 393 shares in the last quarter. Quarry LP purchased a new position in shares of Alcoa in the 3rd quarter valued at approximately $43,000. Continuum Advisory LLC boosted its stake in Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,070 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 598 shares during the last quarter. Institutional investors own 82.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AA. HC Wainwright raised their price target on shares of Alcoa to $90.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Bank of America boosted their price target on Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. BMO Capital Markets upped their target price on Alcoa to $43.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Finally, UBS Group decreased their price objective on shares of Alcoa from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.92.

Alcoa Stock Down 4.2 %

AA opened at $31.94 on Friday. The company has a fifty day moving average of $34.93 and a two-hundred day moving average of $38.05. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of -199.61, a PEG ratio of 0.19 and a beta of 2.55. Alcoa Co. has a fifty-two week low of $27.12 and a fifty-two week high of $47.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45.

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

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa’s payout ratio is -250.00%.

Alcoa Company 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.