Ausbil Investment Management Ltd Sells 10,000 Shares of Alcoa (NYSE:AA)

Ausbil Investment Management Ltd lowered its stake in Alcoa (NYSE:AA - Free Report) by 83.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,000 shares of the industrial products company's stock after selling 10,000 shares during the quarter. Ausbil Investment Management Ltd's holdings in Alcoa were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. lifted its stake in shares of Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after buying an additional 296 shares in the last quarter. Versant Capital Management Inc raised its holdings in Alcoa by 134.7% during the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 520 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Alcoa in the fourth quarter valued at about $29,000. Point72 Hong Kong Ltd purchased a new position in shares of Alcoa in the fourth quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Alcoa by 59.7% in 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.

Alcoa Stock Down 1.7%

Shares of AA opened at $27.88 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $26.92 and a 200 day moving average of $32.01. The company has a market cap of $7.22 billion, a PE ratio of 8.40, a P/E/G ratio of 0.16 and a beta of 2.27. Alcoa has a 52-week low of $21.53 and a 52-week high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.42. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.58 billion. Alcoa had a net margin of 6.79% and a return on equity of 18.56%. On average, sell-side analysts expect that Alcoa will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. Alcoa's dividend payout ratio is 12.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AA. Barclays lifted their target price on Alcoa to $31.00 and gave the company a "hold" rating in a research note on Friday, May 16th. UBS Group reissued a "neutral" rating and issued a $31.00 target price on shares of Alcoa in a report on Thursday, May 15th. Bank of America restated an "underperform" rating and set a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of Alcoa from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Finally, B. Riley decreased their price target on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Alcoa currently has an average rating of "Hold" and a consensus price target of $42.75.

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.

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