Alcoa Co. (NYSE:AA) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in shares of Alcoa Co. (NYSE:AA) by 161.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,650 shares of the industrial products company’s stock after purchasing an additional 6,580 shares during the period. Nisa Investment Advisors LLC’s holdings in Alcoa were worth $362,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its stake in Alcoa by 3,731.1% in the 4th quarter. Raymond James & Associates now owns 799,705 shares of the industrial products company’s stock valued at $27,190,000 after acquiring an additional 778,831 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alcoa by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,234,472 shares of the industrial products company’s stock valued at $35,874,000 after acquiring an additional 54,876 shares during the last quarter. Nordea Investment Management AB grew its stake in Alcoa by 132.2% in the 4th quarter. Nordea Investment Management AB now owns 112,082 shares of the industrial products company’s stock valued at $3,824,000 after acquiring an additional 63,816 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Alcoa in the 4th quarter valued at about $227,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Alcoa by 90.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 61,801 shares of the industrial products company’s stock worth $1,796,000 after purchasing an additional 29,431 shares during the last quarter.

Wall Street Analyst Weigh In

AA has been the topic of several analyst reports. StockNews.com raised shares of Alcoa from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. UBS Group initiated coverage on shares of Alcoa in a research note on Tuesday, January 16th. They set a “sell” rating and a $29.00 price target on the stock. Morgan Stanley raised their price target on shares of Alcoa from $27.00 to $29.50 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. BMO Capital Markets raised their price target on shares of Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Bank of America raised their price target on shares of Alcoa from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.71.

Insider Activity at Alcoa

In related news, EVP Tammi A. Jones sold 26,468 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $30.78, for a total value of $814,685.04. Following the transaction, the executive vice president now owns 41,166 shares in the company, valued at $1,267,089.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alcoa Trading Down 0.2 %

NYSE AA opened at $35.48 on Friday. Alcoa Co. has a one year low of $23.07 and a one year high of $42.23. The company’s 50 day moving average price is $30.97 and its 200 day moving average price is $29.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.45. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of -9.72, a PEG ratio of 2.32 and a beta of 2.47.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.19). Alcoa had a negative net margin of 6.17% and a negative return on equity of 6.56%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the previous year, the business posted ($0.23) EPS. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts predict that Alcoa Co. will post 0.33 EPS for the current year.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.13%. Alcoa’s payout ratio is -10.96%.

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.