Temasek Holdings Private Ltd Grows Position in Alcoa Co. (NYSE:AA)

Temasek Holdings Private Ltd boosted its stake in shares of Alcoa Co. (NYSE:AA) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 438,819 shares of the industrial products company’s stock after purchasing an additional 89,389 shares during the period. Temasek Holdings Private Ltd’s holdings in Alcoa were worth $16,579,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AA. Vanguard Group Inc. increased its holdings in shares of Alcoa by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,979,129 shares of the industrial products company’s stock worth $981,491,000 after buying an additional 165,420 shares during the last quarter. Norges Bank acquired a new stake in Alcoa during the fourth quarter worth about $259,273,000. Geode Capital Management LLC increased its stake in Alcoa by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,232,766 shares of the industrial products company’s stock worth $159,966,000 after acquiring an additional 39,022 shares during the last quarter. ARGA Investment Management LP raised its holdings in shares of Alcoa by 29.6% in the 4th 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 period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Alcoa by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,550,861 shares of the industrial products company’s stock valued at $96,372,000 after purchasing an additional 192,078 shares in the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Alcoa Stock Performance

Shares of AA stock opened at $29.51 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company’s fifty day moving average price is $27.80 and its two-hundred day moving average price is $34.91. The firm has a market capitalization of $7.64 billion, a P/E ratio of -184.42, a P/E/G ratio of 0.19 and a beta of 2.29. Alcoa Co. has a 12 month low of $21.53 and a 12 month high of $47.77.

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

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, May 20th. Alcoa’s payout ratio is 12.05%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AA shares. B. Riley decreased their target price on Alcoa from $44.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M JPMorgan Chase & Co. dropped their price objective on shares of Alcoa from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. UBS Group reissued a “neutral” rating and issued a $31.00 target price on shares of Alcoa in a research note on Thursday. Bank of America reaffirmed 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. Finally, Morgan Stanley cut their price objective on Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

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.