Alcoa Co. (NYSE:AA) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its holdings in Alcoa Co. (NYSE:AA) by 25.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,460 shares of the industrial products company’s stock after purchasing an additional 21,918 shares during the period. Sei Investments Co.’s holdings in Alcoa were worth $4,060,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC increased its stake in Alcoa by 64.9% during the 3rd quarter. Cerity Partners LLC now owns 26,206 shares of the industrial products company’s stock worth $1,011,000 after buying an additional 10,314 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Alcoa by 37.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,970 shares of the industrial products company’s stock worth $2,699,000 after acquiring an additional 19,231 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alcoa by 6.2% in the third 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 worth $24,233,000 after acquiring an additional 36,869 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Alcoa by 20.4% during the third quarter. Captrust Financial Advisors now owns 6,208 shares of the industrial products company’s stock worth $240,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in Alcoa by 18.7% in the 3rd quarter. Verition Fund Management LLC now owns 17,953 shares of the industrial products company’s stock valued at $693,000 after purchasing an additional 2,823 shares during the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on AA shares. JPMorgan Chase & Co. increased their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Bank of America upped their price target on Alcoa to $58.00 and gave the company a “buy” rating in a research report on Friday, January 24th. HC Wainwright lifted their price objective on Alcoa to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. B. Riley upgraded Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group reduced their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.92.

Alcoa Stock Performance

Shares of AA opened at $30.83 on Thursday. Alcoa Co. has a 1 year low of $27.12 and a 1 year high of $47.77. The stock has a market capitalization of $7.98 billion, a PE ratio of -192.69, a PEG ratio of 0.19 and a beta of 2.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The stock has a 50-day simple moving average of $34.24 and a 200-day simple moving average of $38.11.

Alcoa (NYSE:AA) last announced its quarterly earnings data 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 net margin of 0.50% and a return on equity of 5.54%. On average, analysts predict that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. Alcoa’s payout ratio is currently -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.