Trek Financial LLC Acquires Shares of 191,179 Alcoa $AA

Trek Financial LLC acquired a new stake in Alcoa (NYSE:AA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 191,179 shares of the industrial products company’s stock, valued at approximately $10,159,000. Trek Financial LLC owned 0.07% of Alcoa at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Alcoa in the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. boosted its position in Alcoa by 52,500.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after buying an additional 525 shares during the period. Root Financial Partners LLC purchased a new stake in Alcoa in the 3rd quarter valued at about $29,000. CoreCap Advisors LLC boosted its position in Alcoa by 74.1% in the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after buying an additional 237 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in Alcoa in the 3rd quarter valued at about $33,000.

Alcoa Trading Up 3.3%

NYSE:AA opened at $65.29 on Tuesday. Alcoa has a one year low of $25.83 and a one year high of $75.70. 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 firm has a market cap of $17.23 billion, a P/E ratio of 16.53 and a beta of 1.51. The firm has a 50-day simple moving average of $65.08 and a 200-day simple moving average of $55.81.

Alcoa (NYSE:AA) last posted its quarterly 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). The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.35 billion. Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 EPS. Equities analysts anticipate that Alcoa will post 7.95 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, May 19th. Alcoa’s payout ratio is 10.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AA shares. Zacks Research raised shares of Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Morgan Stanley upgraded shares of Alcoa from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $64.00 to $80.00 in a report on Thursday, April 9th. BMO Capital Markets boosted their price target on shares of Alcoa from $65.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. boosted their price target on shares of Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Wells Fargo & Company set a $68.00 price target on shares of Alcoa in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $64.27.

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.