Blue Trust Inc. Increases Position in Alcoa Co. (NYSE:AA)

Blue Trust Inc. grew its holdings in Alcoa Co. (NYSE:AA) by 37.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,423 shares of the industrial products company’s stock after purchasing an additional 1,201 shares during the quarter. Blue Trust Inc.’s holdings in Alcoa were worth $171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AA. Kingswood Wealth Advisors LLC acquired a new stake in Alcoa during the fourth quarter worth about $238,000. Nisa Investment Advisors LLC increased its holdings in shares of Alcoa by 12.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 18,642 shares of the industrial products company’s stock worth $704,000 after buying an additional 2,000 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Alcoa by 3.2% during the 4th quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company’s stock worth $339,000 after buying an additional 279 shares during the last quarter. UMB Bank n.a. raised its position in shares of Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock valued at $51,000 after buying an additional 598 shares during the period. Finally, HB Wealth Management LLC acquired a new position in Alcoa in the fourth quarter valued at approximately $211,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AA shares. Jefferies Financial Group lowered their price objective on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Bank of America raised their price target on Alcoa to $58.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. B. Riley upgraded Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Morgan Stanley lowered their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, BMO Capital Markets boosted their price target on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Alcoa currently has a consensus rating of “Moderate Buy” and an average target price of $46.55.

Alcoa Stock Performance

Shares of AA opened at $36.27 on Wednesday. The stock has a market capitalization of $9.37 billion, a P/E ratio of -226.66, a P/E/G ratio of 0.20 and a beta of 2.43. 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 Co. has a 1 year low of $24.86 and a 1 year high of $47.77. The company’s fifty day moving average is $38.80 and its two-hundred day moving average is $37.51.

Alcoa (NYSE:AA) last issued its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, topping 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, sell-side analysts predict that Alcoa Co. will post 4.43 earnings per share for the current year.

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.