XY Capital Ltd Purchases Shares of 25,064 Alcoa $AA

XY Capital Ltd acquired a new stake in Alcoa (NYSE:AA) in the 1st quarter, Holdings Channel reports. The firm acquired 25,064 shares of the industrial products company’s stock, valued at approximately $1,662,000. Alcoa makes up 1.6% of XY Capital Ltd’s holdings, making the stock its 23rd biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Alcoa by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,580,803 shares of the industrial products company’s stock worth $615,428,000 after buying an additional 462,243 shares during the period. State Street Corp lifted its stake in Alcoa by 6.7% in the third quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock worth $376,871,000 after acquiring an additional 721,063 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alcoa by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 6,655,655 shares of the industrial products company’s stock worth $389,621,000 after acquiring an additional 349,426 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Alcoa by 211.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,254,017 shares of the industrial products company’s stock worth $332,338,000 after acquiring an additional 4,247,559 shares during the last quarter. Finally, L1 Capital Pty Ltd grew its holdings in Alcoa by 22.3% during the 3rd quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock worth $193,646,000 after acquiring an additional 1,073,357 shares in the last quarter.

Alcoa Trading Up 1.7%

Shares of Alcoa stock opened at $44.23 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $60.80 and a 200-day simple moving average of $62.38. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.48 and a beta of 1.63. Alcoa has a 12-month low of $28.11 and a 12-month high of $84.38.

Alcoa (NYSE:AA) last released its quarterly earnings data on Thursday, July 16th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.13). The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. Alcoa had a net margin of 9.48% and a return on equity of 18.90%. During the same quarter in the prior year, the company earned $0.39 EPS. On average, equities analysts forecast that Alcoa will post 6.72 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were given a $0.10 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.40 annualized dividend and a yield of 0.9%. Alcoa’s dividend payout ratio is 8.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AA shares. Royal Bank Of Canada set a $70.00 price objective on shares of Alcoa in a report on Wednesday, July 1st. Wells Fargo & Company lowered their target price on shares of Alcoa from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. UBS Group dropped their target price on Alcoa from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Morgan Stanley restated an “equal weight” rating and issued a $53.00 price target (down from $79.00) on shares of Alcoa in a research note on Wednesday, July 8th. Finally, Zacks Research downgraded Alcoa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.73.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.