34,795 Shares in Alcoa $AA Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Alcoa (NYSE:AA) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 34,795 shares of the industrial products company’s stock, valued at approximately $1,144,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AA. Twin Capital Management Inc. boosted its holdings in Alcoa by 1.8% in the 2nd quarter. Twin Capital Management Inc. now owns 19,137 shares of the industrial products company’s stock worth $565,000 after buying an additional 344 shares during the period. Lesa Sroufe & Co increased its stake in Alcoa by 0.5% in the 3rd quarter. Lesa Sroufe & Co now owns 75,504 shares of the industrial products company’s stock worth $2,483,000 after acquiring an additional 349 shares during the last quarter. CWM LLC increased its position in shares of Alcoa by 1.9% in the second quarter. CWM LLC now owns 18,628 shares of the industrial products company’s stock worth $550,000 after purchasing an additional 354 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Alcoa by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,581 shares of the industrial products company’s stock worth $381,000 after buying an additional 362 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Alcoa by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 72,800 shares of the industrial products company’s stock valued at $2,148,000 after acquiring an additional 400 shares during the last quarter.

Alcoa Stock Down 6.4%

Alcoa stock opened at $56.74 on Friday. Alcoa has a 12 month low of $21.53 and a 12 month high of $66.95. The stock has a fifty day simple moving average of $53.23 and a two-hundred day simple moving average of $40.42. 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 firm has a market cap of $14.69 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.22 and a beta of 1.95.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.31. Alcoa had a net margin of 9.12% and a return on equity of 16.18%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm posted $1.04 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities analysts predict that Alcoa will post 4.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on AA shares. Argus set a $45.00 target price on Alcoa in a research note on Thursday, October 30th. Wells Fargo & Company lowered their price objective on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Zacks Research upgraded Alcoa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. UBS Group boosted their price target on shares of Alcoa from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alcoa in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.25.

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.