Hartree Partners LP Purchases New Stake in Alcoa Co. (NYSE:AA)

Hartree Partners LP bought a new stake in Alcoa Co. (NYSE:AA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the industrial products company’s stock, valued at approximately $378,000.

A number of other large investors also recently bought and sold shares of the stock. Retirement Systems of Alabama increased its holdings in Alcoa by 41.6% in the third 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Alcoa by 6.2% in 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 purchasing an additional 36,869 shares during the last quarter. Mountaineer Partners Management LLC grew its position in shares of Alcoa by 4,023.0% in the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after buying an additional 10,534,036 shares during the last quarter. Geode Capital Management LLC raised its stake in Alcoa by 42.0% during the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock worth $161,838,000 after acquiring an additional 1,239,479 shares in the last quarter. Finally, Impala Asset Management LLC purchased a new stake in Alcoa in the third quarter valued at $6,366,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Stock Performance

Shares of AA opened at $30.58 on Friday. Alcoa Co. has a 12-month low of $27.12 and a 12-month high of $47.77. The stock has a market cap of $7.92 billion, a P/E ratio of -191.15, a PEG ratio of 0.19 and a beta of 2.55. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $34.75 and a two-hundred day moving average of $38.13.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share 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, research analysts predict that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. Alcoa’s payout ratio is currently -250.00%.

Analysts Set New Price Targets

Several research analysts have commented on AA shares. BMO Capital Markets lifted their price target on Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Jefferies Financial Group lowered their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. UBS Group dropped their target price on Alcoa from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, HC Wainwright lifted their price target on Alcoa to $90.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Alcoa currently has an average rating of “Moderate Buy” and an average target price of $49.92.

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.