Vise Technologies Inc. Takes $638,000 Position in Alcoa $AA

Vise Technologies Inc. bought a new stake in Alcoa (NYSE:AA) in the fourth quarter, HoldingsChannel reports. The fund bought 12,013 shares of the industrial products company’s stock, valued at approximately $638,000.

A number of other large investors have also modified their holdings of AA. NewEdge Advisors LLC grew its stake in shares of Alcoa by 1,098.0% in the first quarter. NewEdge Advisors LLC now owns 11,704 shares of the industrial products company’s stock valued at $357,000 after buying an additional 10,727 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Alcoa by 0.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,609 shares of the industrial products company’s stock valued at $19,722,000 after buying an additional 4,624 shares in the last quarter. Invesco Ltd. grew its stake in shares of Alcoa by 1.9% in the second quarter. Invesco Ltd. now owns 640,528 shares of the industrial products company’s stock valued at $18,902,000 after buying an additional 12,008 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Alcoa by 173.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,040 shares of the industrial products company’s stock valued at $60,000 after buying an additional 1,295 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Alcoa by 320.1% in the second quarter. First Trust Advisors LP now owns 269,982 shares of the industrial products company’s stock valued at $7,967,000 after buying an additional 205,717 shares in the last quarter.

Alcoa Trading Down 9.3%

Shares of AA opened at $65.70 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.48. The stock has a 50-day moving average price of $69.44 and a 200 day moving average price of $61.05. Alcoa has a one year low of $27.72 and a one year high of $84.38. The company has a market capitalization of $17.34 billion, a P/E ratio of 16.63 and a beta of 1.56.

Alcoa (NYSE:AA) last issued its earnings results on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.20). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business posted $2.15 EPS. Alcoa’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that Alcoa will post 7.95 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, May 19th. Alcoa’s payout ratio is 10.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AA shares. Wall Street Zen lowered Alcoa from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup increased their target price on Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Argus set a $73.00 price target on Alcoa in a report on Monday, April 27th. UBS Group raised Alcoa from a “neutral” rating to a “buy” rating and increased their price target for the company from $75.00 to $80.00 in a report on Friday, May 22nd. Finally, Morgan Stanley raised Alcoa from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $64.00 to $80.00 in a report on Thursday, April 9th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.60.

Alcoa Company Profile

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.