Paradigm Asset Management Co. LLC Makes New $941,000 Investment in Alcoa Co. (NYSE:AA)

Paradigm Asset Management Co. LLC acquired a new position in shares of Alcoa Co. (NYSE:AA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,900 shares of the industrial products company’s stock, valued at approximately $941,000.

Several other large investors also recently added to or reduced their stakes in AA. Retirement Systems of Alabama grew its stake in shares of Alcoa by 41.6% during 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. ING Groep NV bought a new position in shares of Alcoa during the third quarter valued at approximately $10,201,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alcoa by 6.2% during 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 buying an additional 36,869 shares during the last quarter. Aigen Investment Management LP grew its stake in shares of Alcoa by 73.0% during the third quarter. Aigen Investment Management LP now owns 36,848 shares of the industrial products company’s stock valued at $1,422,000 after buying an additional 15,546 shares during the last quarter. Finally, Mountaineer Partners Management LLC boosted its holdings in shares of Alcoa by 4,023.0% in the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after purchasing an additional 10,534,036 shares during the period.

Analyst Ratings Changes

AA has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Morgan Stanley lowered their price target on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Bank of America boosted their price target on Alcoa to $58.00 and gave the company a “buy” rating in a report on Friday, January 24th. BMO Capital Markets boosted their price target on Alcoa to $43.00 and gave the company a “hold” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group lowered their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.55.

Alcoa Price Performance

NYSE AA opened at $37.26 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 stock’s fifty day moving average price is $37.02 and its 200 day moving average price is $37.76. Alcoa Co. has a 1 year low of $24.86 and a 1 year high of $47.77. The company has a market cap of $9.63 billion, a price-to-earnings ratio of -232.85, a PEG ratio of 0.20 and a beta of 2.43.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (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%. As a group, equities research analysts forecast that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.07%. Alcoa’s dividend payout ratio is currently -250.00%.

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.