Universal Beteiligungs und Servicegesellschaft mbH Sells 1,200 Shares of Kaiser Aluminum Corporation $KALU

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,155 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of Kaiser Aluminum worth $2,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in Kaiser Aluminum by 11.5% during the first quarter. American Century Companies Inc. now owns 499,314 shares of the industrial products company’s stock worth $30,268,000 after acquiring an additional 51,591 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Kaiser Aluminum by 67.4% during the 1st quarter. Bridgeway Capital Management LLC now owns 109,124 shares of the industrial products company’s stock worth $6,615,000 after purchasing an additional 43,930 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Kaiser Aluminum in the 1st quarter valued at about $2,622,000. Jane Street Group LLC increased its position in Kaiser Aluminum by 323.6% in the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after buying an additional 42,160 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in Kaiser Aluminum during the 2nd quarter worth approximately $2,997,000. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

KALU stock opened at $93.08 on Tuesday. The business has a 50 day moving average of $84.51 and a 200-day moving average of $80.31. The firm has a market cap of $1.51 billion, a PE ratio of 16.83 and a beta of 1.58. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $97.63. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share for the quarter. The business had revenue of $765.40 million for the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%. As a group, sell-side analysts expect that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, October 24th. This represents a $3.08 annualized dividend and a yield of 3.3%. Kaiser Aluminum’s dividend payout ratio is presently 55.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wells Fargo & Company boosted their price target on shares of Kaiser Aluminum from $90.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.67.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of Kaiser Aluminum stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $93.92, for a total value of $812,971.52. Following the sale, the executive vice president owned 26,275 shares of the company’s stock, valued at approximately $2,467,748. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Kaiser Aluminum 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.