Erste Asset Management GmbH Has $2.69 Million Holdings in Alcoa Co. (NYSE:AA)

Erste Asset Management GmbH grew its stake in Alcoa Co. (NYSE:AA) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,400 shares of the industrial products company’s stock after purchasing an additional 11,400 shares during the period. Erste Asset Management GmbH’s holdings in Alcoa were worth $2,690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Alcoa during the fourth quarter worth $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Alcoa by 59.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 393 shares during the period. Quarry LP acquired a new stake in shares of Alcoa during the 3rd quarter valued at about $43,000. Continuum Advisory LLC increased its stake in Alcoa by 1,945.5% in the third quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 1,070 shares during the period. Finally, UMB Bank n.a. raised its position in Alcoa by 78.5% in the fourth 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 in the last quarter. Institutional investors own 82.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AA shares. Morgan Stanley lowered their price objective on Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. B. Riley raised Alcoa to a “strong-buy” rating in a report on Tuesday, January 21st. BMO Capital Markets upped their target price on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a report on Friday, January 17th. Finally, Bank of America lifted their price target on shares of Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.17.

Alcoa Trading Up 3.9 %

Shares of AA opened at $33.56 on Friday. The stock’s fifty day simple moving average is $35.44 and its 200-day simple moving average is $37.89. The firm has a market capitalization of $8.69 billion, a PE ratio of -209.73, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. Alcoa Co. has a 12-month low of $27.12 and a 12-month high of $47.77. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) 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%. As a group, research analysts predict that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) 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.