Boston Partners Buys 218,224 Shares of Alcoa Co. (NYSE:AA)

Boston Partners raised its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,033 shares of the industrial products company's stock after buying an additional 218,224 shares during the period. Boston Partners owned about 0.19% of Alcoa worth $18,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AA. Mountaineer Partners Management LLC raised its holdings in Alcoa by 4,023.0% in the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company's stock worth $416,505,000 after purchasing an additional 10,534,036 shares during the period. State Street Corp grew its stake in shares of Alcoa by 23.3% during the 3rd quarter. State Street Corp now owns 9,563,645 shares of the industrial products company's stock worth $368,965,000 after acquiring an additional 1,805,915 shares in the last quarter. Paloma Partners Management Co increased its stake in Alcoa by 11,317.8% in the 3rd quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company's stock valued at $55,084,000 after buying an additional 1,415,294 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alcoa by 42.0% in the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company's stock valued at $161,838,000 after acquiring an additional 1,239,479 shares during the last quarter. Finally, ARGA Investment Management LP increased its position in shares of Alcoa by 29.6% during the 4th quarter. ARGA Investment Management LP now owns 2,998,311 shares of the industrial products company's stock worth $113,276,000 after purchasing an additional 684,505 shares during the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

AA has been the topic of a number of research analyst reports. Bank of America upped their target price on shares of Alcoa to $58.00 and gave the company a "buy" rating in a report on Friday, January 24th. HC Wainwright raised their price objective on Alcoa to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Jefferies Financial Group dropped their target price on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. BMO Capital Markets upped their price objective on Alcoa to $43.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. Finally, B. Riley raised shares of Alcoa to a "strong-buy" rating in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $50.17.

Alcoa Stock Up 0.6 %

Shares of AA stock traded up $0.19 during trading hours on Tuesday, reaching $33.66. The company had a trading volume of 3,644,494 shares, compared to its average volume of 5,242,301. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market cap of $8.71 billion, a price-to-earnings ratio of -210.38, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. The business has a fifty day simple moving average of $35.23 and a 200-day simple moving average of $38.09. Alcoa Co. has a 12 month low of $27.12 and a 12 month high of $47.77.

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

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. Alcoa's dividend payout ratio is presently -250.00%.

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.