Alcoa $AA Stake Boosted by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd grew its stake in shares of Alcoa (NYSE:AA) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,074,394 shares of the industrial products company’s stock after purchasing an additional 96,150 shares during the quarter. Temasek Holdings Private Ltd owned approximately 0.41% of Alcoa worth $57,093,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB boosted its position in shares of Alcoa by 187.7% during the fourth quarter. Nordea Investment Management AB now owns 408,624 shares of the industrial products company’s stock worth $21,902,000 after buying an additional 266,574 shares during the period. Moran Wealth Management LLC acquired a new position in shares of Alcoa during the fourth quarter worth approximately $2,631,000. Lighthouse Investment Partners LLC acquired a new position in shares of Alcoa during the third quarter worth approximately $5,606,000. Regal Partners Ltd boosted its position in shares of Alcoa by 7.0% during the third quarter. Regal Partners Ltd now owns 451,940 shares of the industrial products company’s stock worth $14,864,000 after buying an additional 29,612 shares during the period. Finally, Merit Financial Group LLC boosted its position in shares of Alcoa by 114.2% during the fourth quarter. Merit Financial Group LLC now owns 28,945 shares of the industrial products company’s stock worth $1,538,000 after buying an additional 15,432 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group upgraded Alcoa from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research report on Friday, May 22nd. Weiss Ratings downgraded Alcoa from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Zacks Research downgraded Alcoa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley set a $79.00 price objective on Alcoa in a research report on Thursday. Finally, Argus set a $73.00 price objective on Alcoa in a research report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $68.50.

Alcoa Stock Performance

AA opened at $64.23 on Tuesday. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 16.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. Alcoa has a 1-year low of $27.72 and a 1-year high of $84.38. The business has a 50 day moving average price of $69.28 and a two-hundred day moving average price of $61.67.

Alcoa (NYSE:AA) last released its 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). The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $2.15 earnings per share. Research analysts predict that Alcoa will post 7.89 EPS for the current fiscal year.

Alcoa Announces Dividend

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

Alcoa 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.