Temasek Holdings Private Ltd Increases Stock Holdings in Alcoa Co. (NYSE:AA)

Temasek Holdings Private Ltd increased its holdings in Alcoa Co. (NYSE:AA - Free Report) by 25.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 438,819 shares of the industrial products company's stock after buying an additional 89,389 shares during the period. Temasek Holdings Private Ltd owned 0.17% of Alcoa worth $16,579,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Alcoa in the 4th quarter worth about $259,273,000. Northern Trust Corp increased its position in shares of Alcoa by 46.8% in the fourth quarter. Northern Trust Corp now owns 2,549,608 shares of the industrial products company's stock worth $96,324,000 after purchasing an additional 813,214 shares during the last quarter. ARGA Investment Management LP increased its position in shares of Alcoa by 29.6% in the fourth 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. Wellington Management Group LLP raised its stake in Alcoa by 488.2% in the fourth quarter. Wellington Management Group LLP now owns 802,547 shares of the industrial products company's stock valued at $30,320,000 after purchasing an additional 666,117 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Alcoa by 96.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,065,125 shares of the industrial products company's stock valued at $40,240,000 after purchasing an additional 522,039 shares during the last quarter. Institutional investors own 82.39% of the company's stock.

Analyst Ratings Changes

AA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Morgan Stanley cut 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. Barclays raised their price objective on Alcoa to $31.00 and gave the company a "hold" rating in a report on Friday, May 16th. HC Wainwright upped their target price on Alcoa to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, March 11th. Finally, Bank of America reiterated an "underperform" rating and set a $26.00 price target (down from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $42.50.

Alcoa Trading Up 0.5%

Shares of NYSE AA traded up $0.14 during mid-day trading on Friday, hitting $28.12. The stock had a trading volume of 1,649,119 shares, compared to its average volume of 5,477,967. The business has a 50 day moving average price of $27.41 and a two-hundred day moving average price of $34.63. Alcoa Co. has a 1 year low of $21.53 and a 1 year high of $47.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The firm has a market cap of $7.28 billion, a P/E ratio of -175.62, a price-to-earnings-growth ratio of 0.19 and a beta of 2.29.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.42. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. On average, equities analysts anticipate that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. Alcoa's payout ratio is presently 12.05%.

Alcoa Company 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.