Alcoa $AA Shares Purchased by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd boosted its position in Alcoa (NYSE:AA) by 9.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,074,394 shares of the industrial products company’s stock after purchasing an additional 96,150 shares during the period. Temasek Holdings Private Ltd’s holdings in Alcoa were worth $57,093,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AA. Basepoint Wealth LLC acquired a new stake in shares of Alcoa during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. lifted its position in shares of Alcoa by 52,500.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 525 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of Alcoa by 74.1% during the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 237 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Alcoa by 5,281.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 581 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Alcoa by 96.0% during the 4th quarter. Quarry LP now owns 694 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 340 shares during the last quarter.

Alcoa Price Performance

Shares of NYSE:AA opened at $64.23 on Tuesday. The company’s fifty day moving average is $69.28 and its two-hundred day moving average is $61.67. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. Alcoa has a 12-month low of $27.72 and a 12-month high of $84.38. The company has a market cap of $16.95 billion, a P/E ratio of 16.26 and a beta of 1.56.

Alcoa (NYSE:AA) last announced its earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.20). Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same period last year, the firm earned $2.15 earnings per share. Alcoa’s revenue for the quarter was down 5.2% compared to the same quarter last year. Equities analysts expect that Alcoa will post 7.89 earnings per share for the current fiscal year.

Alcoa Announces Dividend

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

Wall Street Analyst Weigh In

AA has been the subject of a number of recent research reports. Argus set a $73.00 price objective on Alcoa in a research report on Monday, April 27th. Citigroup increased their price objective on Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Morgan Stanley set a $79.00 price objective on Alcoa in a research report on Thursday. Zacks Research downgraded Alcoa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings downgraded Alcoa from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Five research 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. Based on data from MarketBeat.com, Alcoa has a consensus rating of “Hold” and a consensus price target of $68.50.

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.