Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Holdings in Alcoa $AA

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Alcoa (NYSE:AA) by 18.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 101,620 shares of the industrial products company’s stock after selling 23,148 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Alcoa were worth $5,417,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Alcoa by 455.9% during the third quarter. Pacer Advisors Inc. now owns 62,982 shares of the industrial products company’s stock worth $2,071,000 after purchasing an additional 51,652 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Alcoa by 187.7% in the 4th quarter. Nordea Investment Management AB now owns 408,624 shares of the industrial products company’s stock valued at $21,902,000 after purchasing an additional 266,574 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in shares of Alcoa in the 4th quarter valued at about $2,631,000. Regal Partners Ltd boosted its position in shares of Alcoa by 7.0% in the 3rd quarter. Regal Partners Ltd now owns 451,940 shares of the industrial products company’s stock valued at $14,864,000 after purchasing an additional 29,612 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new position in Alcoa during the 3rd quarter worth approximately $5,606,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AA. Morgan Stanley upgraded Alcoa from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $64.00 to $80.00 in a research note on Thursday, April 9th. Wells Fargo & Company set a $68.00 price objective on Alcoa in a report on Thursday, March 12th. Zacks Research upgraded shares of Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Citigroup lifted their target price on shares of Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.27.

Alcoa Trading Down 6.3%

NYSE AA opened at $63.14 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $64.80 and a 200 day moving average price of $54.50. The stock has a market capitalization of $16.66 billion, a P/E ratio of 15.98 and a beta of 1.70. Alcoa has a 52-week low of $23.60 and a 52-week high of $75.70.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the firm earned $2.15 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts expect that Alcoa will post 7.66 EPS for the current year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 10th were paid a $0.10 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Alcoa’s dividend payout ratio (DPR) is 10.13%.

About Alcoa

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.