Boston Partners Buys 51,293 Shares of Alcoa $AA

Boston Partners grew its position in shares of Alcoa (NYSE:AA) by 141.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,637 shares of the industrial products company’s stock after purchasing an additional 51,293 shares during the quarter. Boston Partners’ holdings in Alcoa were worth $2,586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc raised its stake in Alcoa by 1,096.0% during the 2nd quarter. IFP Advisors Inc now owns 897 shares of the industrial products company’s stock worth $26,000 after buying an additional 822 shares during the period. Horrell Capital Management Inc. purchased a new position in Alcoa in the second quarter worth $30,000. Quarry LP bought a new stake in Alcoa in the first quarter worth about $57,000. Banque Transatlantique SA purchased a new stake in Alcoa in the first quarter worth $74,000. Finally, Hantz Financial Services Inc. boosted its position in Alcoa by 357.9% during the second quarter. Hantz Financial Services Inc. now owns 2,656 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 2,076 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AA shares. Zacks Research upgraded Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. B. Riley upped their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. UBS Group lifted their price objective on Alcoa from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley set a $43.50 target price on shares of Alcoa in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Alcoa presently has an average rating of “Moderate Buy” and an average price target of $42.35.

Alcoa Price Performance

Shares of NYSE:AA opened at $42.02 on Friday. Alcoa has a 1-year low of $21.53 and a 1-year high of $46.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 0.91. The company has a market capitalization of $10.88 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.22 and a beta of 2.26. The firm’s 50 day simple moving average is $36.62 and its two-hundred day simple moving average is $32.34.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.13. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Research analysts expect that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Tuesday, November 4th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, November 4th. Alcoa’s dividend payout ratio (DPR) is currently 9.24%.

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.