Arconic Inc (NYSE:ARNC) Position Increased by Boston Partners

Boston Partners lifted its holdings in Arconic Inc (NYSE:ARNC) by 567.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 917,725 shares of the basic materials company’s stock after purchasing an additional 780,173 shares during the period. Boston Partners owned about 0.19% of Arconic worth $25,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank bought a new position in shares of Arconic during the 3rd quarter worth approximately $132,000. Fox Run Management L.L.C. bought a new position in shares of Arconic during the 4th quarter worth approximately $205,000. National Planning Corp bought a new position in shares of Arconic during the 3rd quarter worth approximately $206,000. Pitcairn Co. bought a new position in shares of Arconic during the 3rd quarter worth approximately $209,000. Finally, UMB Bank N A MO bought a new position in shares of Arconic during the 4th quarter worth approximately $212,000. 74.55% of the stock is owned by hedge funds and other institutional investors.

In other Arconic news, Director David P. Hess acquired 40,300 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were purchased at an average price of $24.80 per share, for a total transaction of $999,440.00. Following the completion of the purchase, the director now directly owns 127,870 shares of the company’s stock, valued at $3,171,176. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

Several research analysts recently commented on ARNC shares. Cowen reiterated a “hold” rating and set a $25.00 price objective on shares of Arconic in a research note on Thursday, October 19th. Vetr lowered shares of Arconic from a “buy” rating to a “hold” rating and set a $27.97 price target on the stock. in a research note on Monday, October 23rd. Morgan Stanley restated a “hold” rating and set a $27.00 price target on shares of Arconic in a research note on Tuesday, October 24th. Deutsche Bank set a $31.00 price target on shares of Arconic and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Arconic from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.77.

Arconic Inc (NYSE ARNC) traded down $0.47 during trading hours on Thursday, hitting $25.01. 1,075,115 shares of the stock were exchanged, compared to its average volume of 4,401,677. The firm has a market capitalization of $11,929.50, a price-to-earnings ratio of -114.95, a P/E/G ratio of 0.83 and a beta of 0.93. Arconic Inc has a 1 year low of $21.75 and a 1 year high of $31.17. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.26 and a quick ratio of 1.38.

Arconic (NYSE:ARNC) last released its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.08 billion. Arconic had a negative net margin of 0.57% and a positive return on equity of 11.29%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 earnings per share. equities research analysts forecast that Arconic Inc will post 1.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, February 25th. Stockholders of record on Friday, February 2nd will be paid a $0.06 dividend. The ex-dividend date is Thursday, February 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.96%. Arconic’s payout ratio is currently -109.09%.

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About Arconic

Arconic Inc, formerly Alcoa Inc, is engaged in lightweight metals engineering and manufacturing. The Company operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. Its multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging.

Institutional Ownership by Quarter for Arconic (NYSE:ARNC)

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