Alcoa Co. (NYSE:AA) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its holdings in shares of Alcoa Co. (NYSE:AA) by 20.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,208 shares of the industrial products company’s stock after buying an additional 1,050 shares during the period. Captrust Financial Advisors’ holdings in Alcoa were worth $240,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AA. ANTIPODES PARTNERS Ltd acquired a new position in shares of Alcoa during the second quarter worth approximately $93,061,000. Marshall Wace LLP lifted its position in Alcoa by 770.9% in the second quarter. Marshall Wace LLP now owns 1,422,797 shares of the industrial products company’s stock worth $56,599,000 after purchasing an additional 1,259,430 shares during the period. Global Alpha Capital Management Ltd. acquired a new stake in Alcoa in the third quarter worth approximately $36,165,000. Charles Schwab Investment Management Inc. lifted its position in Alcoa by 32.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,888,590 shares of the industrial products company’s stock worth $72,862,000 after purchasing an additional 467,986 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Alcoa by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,665,106 shares of the industrial products company’s stock worth $265,132,000 after purchasing an additional 390,930 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Price Performance

Shares of NYSE:AA opened at $39.12 on Monday. The company’s fifty day moving average is $42.65 and its two-hundred day moving average is $38.26. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Alcoa Co. has a 12-month low of $24.86 and a 12-month high of $47.77. The company has a market cap of $10.11 billion, a P/E ratio of -22.23, a price-to-earnings-growth ratio of 0.79 and a beta of 2.44.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.34. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the business earned ($1.14) EPS. The company’s revenue was up 11.6% on a year-over-year basis. Equities analysts expect that Alcoa Co. will post 0.9 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, October 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, October 29th. Alcoa’s dividend payout ratio (DPR) is presently -22.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. UBS Group upped their target price on Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. B. Riley Financial reiterated a “neutral” rating and set a $41.00 price objective on shares of Alcoa in a research report on Tuesday, September 17th. Argus upgraded Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, October 23rd. Finally, Wolfe Research upgraded Alcoa from a “peer perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alcoa currently has an average rating of “Moderate Buy” and a consensus price target of $46.73.

Insider Transactions at Alcoa

In other Alcoa news, EVP Renato Bacchi sold 23,867 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the transaction, the executive vice president now directly owns 57,317 shares of the company’s stock, valued at $2,423,935.93. This represents a 29.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.08% of the stock is currently owned by company insiders.

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.