Sei Investments Co. Grows Stock Position in Alcoa Co. (NYSE:AA)

Sei Investments Co. increased its holdings in Alcoa Co. (NYSE:AA - Free Report) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,460 shares of the industrial products company's stock after acquiring an additional 21,918 shares during the period. Sei Investments Co.'s holdings in Alcoa were worth $4,060,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Alcoa in the 4th quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its holdings in Alcoa by 59.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock worth $39,000 after acquiring an additional 393 shares during the period. Quarry LP purchased a new position in Alcoa in the third quarter worth $43,000. Continuum Advisory LLC grew its stake in Alcoa by 1,945.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 1,070 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Alcoa by 78.5% during the 4th quarter. UMB Bank n.a. now owns 1,360 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 598 shares during the last quarter. Institutional investors own 82.39% of the company's stock.

Wall Street Analysts Forecast Growth

AA has been the subject of a number of research analyst reports. B. Riley upgraded shares of Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. HC Wainwright lifted their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. UBS Group reduced their price objective on Alcoa from $53.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Bank of America boosted their target price on Alcoa to $58.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Morgan Stanley decreased their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alcoa presently has an average rating of "Moderate Buy" and a consensus target price of $49.92.

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Alcoa Price Performance

AA stock traded down $0.24 during midday trading on Monday, reaching $24.58. The company had a trading volume of 7,448,798 shares, compared to its average volume of 5,377,890. The firm has a 50-day moving average price of $33.58 and a 200-day moving average price of $37.95. The company has a market capitalization of $6.36 billion, a P/E ratio of -153.59, a P/E/G ratio of 0.19 and a beta of 2.28. Alcoa Co. has a 1 year low of $23.20 and a 1 year high of $47.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86.

Alcoa (NYSE:AA - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.13. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa's dividend payout ratio (DPR) is presently -250.00%.

About Alcoa

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.