6,551 Shares in Alcoa Co. (NYSE:AA) Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP bought a new stake in Alcoa Co. (NYSE:AA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,551 shares of the industrial products company’s stock, valued at approximately $253,000.

Several other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in Alcoa during the 2nd quarter worth approximately $27,000. UMB Bank n.a. increased its position in shares of Alcoa by 481.7% during the third quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 631 shares in the last quarter. Quarry LP acquired a new stake in shares of Alcoa during the third quarter worth $43,000. Millburn Ridgefield Corp bought a new stake in Alcoa in the 3rd quarter valued at $89,000. Finally, Fifth Third Bancorp boosted its stake in Alcoa by 15.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 309 shares during the period. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alcoa news, EVP Renato Bacchi sold 23,867 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the transaction, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. This trade represents a 29.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. B. Riley raised Alcoa from a “neutral” rating to a “buy” rating and lifted their price target for the company from $41.00 to $50.00 in a research note on Thursday, October 17th. Argus raised Alcoa from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, October 23rd. B. Riley Financial reaffirmed a “neutral” rating and set a $41.00 price target on shares of Alcoa in a research report on Tuesday, September 17th. Bank of America lifted their price objective on shares of Alcoa to $58.00 and gave the company a “buy” rating in a report on Thursday, November 28th. Finally, StockNews.com upgraded shares of Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.73.

Alcoa Stock Down 1.7 %

Shares of AA stock opened at $38.46 on Tuesday. Alcoa Co. has a 52-week low of $24.86 and a 52-week high of $47.77. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of -21.85, a PEG ratio of 0.79 and a beta of 2.44. The firm’s 50-day moving average is $42.63 and its 200-day moving average is $38.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41.

Alcoa (NYSE:AA) last posted its earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.34. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the firm earned ($1.14) EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. Sell-side analysts predict that Alcoa Co. will post 0.9 EPS for the current year.

Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, October 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, October 29th. Alcoa’s dividend payout ratio is presently -22.73%.

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.