Schonfeld Strategic Advisors LLC Acquires New Shares in Kaiser Aluminum Co. (NASDAQ:KALU)

Schonfeld Strategic Advisors LLC bought a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,859 shares of the industrial products company’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock valued at $30,355,000 after buying an additional 219,827 shares during the period. Empowered Funds LLC purchased a new stake in shares of Kaiser Aluminum in the 4th quarter valued at approximately $3,878,000. American Century Companies Inc. lifted its holdings in shares of Kaiser Aluminum by 12.6% in the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company’s stock worth $31,461,000 after acquiring an additional 49,948 shares during the last quarter. Norges Bank acquired a new position in shares of Kaiser Aluminum in the 4th quarter worth approximately $3,312,000. Finally, Stephens Inc. AR purchased a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $3,150,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Benchmark decreased their price target on Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. Wolfe Research upgraded Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday, April 11th. Finally, StockNews.com upgraded Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Friday, April 18th.

Kaiser Aluminum Trading Down 1.1 %

NASDAQ KALU opened at $67.66 on Friday. The company has a market cap of $1.09 billion, a P/E ratio of 23.57 and a beta of 1.40. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The company has a 50-day moving average of $62.05 and a 200-day moving average of $70.25.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.91. The company had revenue of $777.40 million for the quarter, compared to the consensus estimate of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. Kaiser Aluminum’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. As a group, equities analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Friday, April 25th. Kaiser Aluminum’s payout ratio is currently 115.36%.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.