Boston Partners Has $1.12 Million Stock Position in Alcoa $AA

Boston Partners increased its position in shares of Alcoa (NYSE:AA) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,085 shares of the industrial products company’s stock after buying an additional 1,741 shares during the period. Boston Partners’ holdings in Alcoa were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AA. Allworth Financial LP lifted its holdings in shares of Alcoa by 63.5% during the second quarter. Allworth Financial LP now owns 4,211 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,636 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Alcoa by 4.3% during the 2nd quarter. ProShare Advisors LLC now owns 11,477 shares of the industrial products company’s stock worth $339,000 after buying an additional 470 shares during the last quarter. Monaco Asset Management SAM acquired a new stake in shares of Alcoa in the 2nd quarter valued at approximately $2,656,000. Global Alpha Capital Management Ltd. grew its holdings in shares of Alcoa by 6.5% during the second quarter. Global Alpha Capital Management Ltd. now owns 985,871 shares of the industrial products company’s stock worth $29,093,000 after purchasing an additional 60,100 shares during the last quarter. Finally, WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in Alcoa in the second quarter valued at $696,000.

Alcoa Stock Performance

Shares of NYSE:AA opened at $37.51 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $35.43 and a 200-day moving average price of $31.45. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.21 and a beta of 2.26. Alcoa has a 12 month low of $21.53 and a 12 month high of $47.77.

Alcoa (NYSE:AA) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.13. Alcoa had a net margin of 8.91% and a return on equity of 15.85%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the company posted $0.57 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Alcoa will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Tuesday, November 4th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 4th. This represents a $0.40 annualized dividend and a yield of 1.1%. Alcoa’s dividend payout ratio is currently 9.24%.

Analysts Set New Price Targets

AA has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Alcoa from $35.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Wells Fargo & Company started coverage on Alcoa in a report on Tuesday, October 7th. They set an “overweight” rating and a $40.00 price objective for the company. Argus set a $45.00 price target on shares of Alcoa in a report on Thursday, October 30th. HSBC upped their price objective on Alcoa from $33.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Alcoa from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Alcoa currently has a consensus rating of “Hold” and a consensus target price of $42.35.

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.