Blue Trust Inc. Grows Position in Alcoa Co. (NYSE:AA)

Blue Trust Inc. raised its position in shares of Alcoa Co. (NYSE:AA) by 37.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,423 shares of the industrial products company’s stock after acquiring an additional 1,201 shares during the period. Blue Trust Inc.’s holdings in Alcoa were worth $171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ballentine Partners LLC grew its stake in shares of Alcoa by 3.2% in the fourth quarter. Ballentine Partners LLC now owns 8,973 shares of the industrial products company’s stock valued at $339,000 after buying an additional 279 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Alcoa by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 339 shares during the period. CreativeOne Wealth LLC grew its holdings in Alcoa by 4.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 360 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Alcoa by 15.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,452 shares of the industrial products company’s stock worth $133,000 after buying an additional 459 shares during the period. Finally, Eads & Heald Wealth Management lifted its holdings in Alcoa by 6.6% in the 3rd quarter. Eads & Heald Wealth Management now owns 8,403 shares of the industrial products company’s stock worth $324,000 after buying an additional 517 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently weighed in on AA. Bank of America raised their target price on Alcoa to $58.00 and gave the company a “buy” rating in a research note on Friday, January 24th. UBS Group lifted their price objective on Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Morgan Stanley reduced their target price on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. B. Riley upgraded shares of Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, BMO Capital Markets upped their price target on shares of Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Alcoa presently has a consensus rating of “Moderate Buy” and an average target price of $46.55.

Alcoa Trading Up 6.3 %

NYSE AA opened at $36.27 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. Alcoa Co. has a one year low of $24.86 and a one year high of $47.77. The company has a 50-day simple moving average of $38.80 and a 200-day simple moving average of $37.51. The firm has a market capitalization of $9.37 billion, a PE ratio of -226.66, a price-to-earnings-growth ratio of 0.20 and a beta of 2.43.

Alcoa (NYSE:AA) last posted its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, equities analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current year.

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.