Alliancebernstein L.P. Decreases Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Alliancebernstein L.P. reduced its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 20.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,140 shares of the industrial products company’s stock after selling 4,121 shares during the quarter. Alliancebernstein L.P. owned about 0.10% of Kaiser Aluminum worth $1,134,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. New York State Teachers Retirement System raised its holdings in shares of Kaiser Aluminum by 6.2% during the 4th quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company’s stock valued at $483,000 after buying an additional 400 shares in the last quarter. KBC Group NV raised its stake in shares of Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 410 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 542 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Kaiser Aluminum during the 4th quarter valued at $52,000. Finally, Franklin Resources Inc. lifted its stake in Kaiser Aluminum by 7.8% in the third quarter. Franklin Resources Inc. now owns 18,440 shares of the industrial products company’s stock worth $1,332,000 after purchasing an additional 1,337 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on KALU. StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday. Wolfe Research upgraded shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday, April 11th.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $53.86 on Friday. The company has a market capitalization of $867.15 million, a PE ratio of 18.77 and a beta of 1.32. The business has a fifty day moving average price of $64.14 and a 200-day moving average price of $71.05. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year 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.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $765.40 million during the quarter, compared to the consensus estimate of $752.00 million. During the same quarter in the prior year, the company posted $0.60 EPS. As a group, equities analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 5.72%. Kaiser Aluminum’s payout ratio is 107.32%.

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.