Hartree Partners LP Makes New Investment in Alcoa Co. (NYSE:AA)

Hartree Partners LP purchased a new stake in Alcoa Co. (NYSE:AA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the industrial products company's stock, valued at approximately $378,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA boosted its stake in shares of Alcoa by 23.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 39,540 shares of the industrial products company's stock worth $1,494,000 after buying an additional 7,554 shares during the last quarter. Norges Bank acquired a new position in Alcoa in the fourth quarter valued at approximately $259,273,000. Prudential Financial Inc. boosted its position in Alcoa by 151.5% in the 4th quarter. Prudential Financial Inc. now owns 47,396 shares of the industrial products company's stock worth $1,791,000 after purchasing an additional 28,549 shares in the last quarter. Vanguard Group Inc. boosted its position in Alcoa by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company's stock worth $981,491,000 after purchasing an additional 165,420 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Alcoa by 3.4% during the 4th quarter. LPL Financial LLC now owns 163,391 shares of the industrial products company's stock worth $6,173,000 after purchasing an additional 5,446 shares during the period. 82.39% of the stock is owned by hedge funds and other institutional investors.

Alcoa Price Performance

Shares of NYSE AA traded down $0.16 during midday trading on Monday, hitting $30.50. The stock had a trading volume of 4,981,025 shares, compared to its average volume of 5,366,035. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 1 year low of $27.12 and a 1 year high of $47.77. The company has a market capitalization of $7.90 billion, a PE ratio of -190.65, a P/E/G ratio of 0.19 and a beta of 2.55. The stock has a 50 day simple moving average of $34.57 and a 200-day simple moving average of $38.18.

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Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, beating 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, sell-side analysts expect that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.31%. Alcoa's dividend payout ratio is presently -250.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AA shares. Jefferies Financial Group decreased their target price on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, January 6th. B. Riley upgraded shares of Alcoa to a "strong-buy" rating in a research report on Tuesday, January 21st. Morgan Stanley dropped their target price on Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. Bank of America upped their price target on Alcoa to $58.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their price target on Alcoa from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Four equities research 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's stock. According to MarketBeat, Alcoa has a consensus rating of "Moderate Buy" and an average target price of $49.92.

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.