Alcoa Co. (NYSE:AA) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc boosted its stake in shares of Alcoa Co. (NYSE:AA) by 60.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,572 shares of the industrial products company’s stock after buying an additional 10,365 shares during the quarter. Impax Asset Management Group plc’s holdings in Alcoa were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of AA. Quarry LP purchased a new position in Alcoa during the third quarter worth approximately $43,000. Continuum Advisory LLC grew its holdings in Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,070 shares in the last quarter. UMB Bank n.a. grew its holdings in Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 598 shares in the last quarter. GAMMA Investing LLC grew its holdings in Alcoa by 399.0% during the 4th quarter. GAMMA Investing LLC now owns 1,447 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 1,157 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new position in shares of Alcoa in the 3rd quarter worth about $89,000.

Alcoa Trading Down 1.9 %

Shares of Alcoa stock opened at $34.37 on Wednesday. The firm has a market capitalization of $8.90 billion, a PE ratio of -214.82, a price-to-earnings-growth ratio of 0.19 and a beta of 2.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company’s fifty day moving average price is $36.78 and its two-hundred day moving average price is $37.98. Alcoa Co. has a 52-week low of $24.86 and a 52-week high of $47.77.

Alcoa (NYSE:AA) last posted its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (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%. On average, analysts expect that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.16%. Alcoa’s dividend payout ratio is presently -250.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AA. Jefferies Financial Group reduced their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Morgan Stanley cut their price objective on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. BMO Capital Markets raised their target price on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Bank of America raised their target price on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.55.

Alcoa 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.