Rhumbline Advisers Buys 11,094 Shares of Alcoa Co. (NYSE:AA)

Rhumbline Advisers boosted its stake in Alcoa Co. (NYSE:AA - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 688,784 shares of the industrial products company's stock after buying an additional 11,094 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of Alcoa worth $26,022,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in Alcoa by 41.6% in the 3rd quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company's stock valued at $12,107,000 after buying an additional 92,201 shares in the last quarter. ING Groep NV acquired a new position in Alcoa in the third quarter worth $10,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alcoa by 6.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company's stock valued at $24,233,000 after acquiring an additional 36,869 shares during the period. Aigen Investment Management LP lifted its stake in shares of Alcoa by 73.0% during the third quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company's stock valued at $1,422,000 after acquiring an additional 15,546 shares during the period. Finally, Mountaineer Partners Management LLC lifted its stake in shares of Alcoa by 4,023.0% during the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company's stock valued at $416,505,000 after acquiring an additional 10,534,036 shares during the period.

Alcoa Stock Down 8.2 %

Shares of NYSE:AA traded down $3.05 during mid-day trading on Friday, reaching $34.20. 3,741,914 shares of the stock were exchanged, compared to its average volume of 5,024,721. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. The company has a market cap of $8.83 billion, a P/E ratio of -213.59, a P/E/G ratio of 0.20 and a beta of 2.43. Alcoa Co. has a one year low of $24.86 and a one year high of $47.77. The stock's 50 day simple moving average is $37.02 and its 200-day simple moving average is $37.76.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (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%. As a group, equities research analysts predict that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.17%. Alcoa's payout ratio is presently -250.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AA. JPMorgan Chase & Co. upped their price target on Alcoa from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. B. Riley upgraded Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. Bank of America upped their price objective on Alcoa to $58.00 and gave the company a "buy" rating in a report on Friday, January 24th. Morgan Stanley dropped 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. Finally, Jefferies Financial Group dropped their price objective on Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Alcoa currently has a consensus rating of "Moderate Buy" and an average target price of $46.55.

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.