Savant Capital LLC Grows Position in Alcoa Co. (NYSE:AA)

Savant Capital LLC lifted its holdings in shares of Alcoa Co. (NYSE:AA) by 41.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,819 shares of the industrial products company’s stock after purchasing an additional 2,278 shares during the quarter. Savant Capital LLC’s holdings in Alcoa were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ballentine Partners LLC raised its holdings in shares of Alcoa by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 279 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Alcoa by 5.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,521 shares of the industrial products company’s stock valued at $246,000 after purchasing an additional 328 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Alcoa by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 339 shares during the period. Blue Trust Inc. grew its position in shares of Alcoa by 12.0% in the third quarter. Blue Trust Inc. now owns 3,222 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 344 shares during the period. Finally, CreativeOne Wealth LLC grew its position in shares of Alcoa by 4.1% in the third quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 360 shares during the period.

Alcoa Trading Down 0.4 %

Shares of AA opened at $36.24 on Tuesday. The stock’s 50-day moving average is $37.22 and its two-hundred day moving average is $37.72. The stock has a market cap of $9.36 billion, a PE ratio of -226.47, a P/E/G ratio of 0.20 and a beta of 2.43. Alcoa Co. has a 12 month low of $24.86 and a 12 month high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, topping 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%. Equities analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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