Vanguard Group Inc. Has $828.77 Million Position in Alcoa $AA

Vanguard Group Inc. lessened its position in Alcoa (NYSE:AA) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,198,181 shares of the industrial products company’s stock after selling 330,439 shares during the period. Vanguard Group Inc. owned about 9.73% of Alcoa worth $828,768,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in AA. Root Financial Partners LLC acquired a new stake in shares of Alcoa during the third quarter worth approximately $29,000. Horrell Capital Management Inc. acquired a new stake in Alcoa during the 2nd quarter valued at $30,000. Orion Capital Management LLC bought a new position in Alcoa in the 3rd quarter valued at $33,000. Westfuller Advisors LLC acquired a new position in Alcoa in the third quarter worth $35,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Alcoa during the third quarter worth $53,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AA. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $50.00 price target (up from $45.00) on shares of Alcoa in a report on Thursday, January 8th. UBS Group boosted their target price on shares of Alcoa from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Wells Fargo & Company decreased their price target on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Alcoa in a research report on Monday, December 29th. Finally, Wall Street Zen raised Alcoa from a “hold” rating to a “buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Alcoa presently has a consensus rating of “Hold” and an average price target of $48.25.

Alcoa Trading Up 1.1%

NYSE AA opened at $60.38 on Monday. Alcoa has a 12 month low of $21.53 and a 12 month high of $66.95. The stock has a 50-day simple moving average of $58.32 and a 200 day simple moving average of $43.63. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $15.63 billion, a PE ratio of 13.66 and a beta of 1.91.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.31. Alcoa had a return on equity of 16.18% and a net margin of 9.12%.The company had revenue of ($1,130.00) million during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the company earned $1.04 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Research analysts forecast that Alcoa will post 4.43 EPS for the current year.

About Alcoa

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.