Jane Street Group LLC Buys 3,991 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Jane Street Group LLC grew its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 44.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,030 shares of the industrial products company’s stock after purchasing an additional 3,991 shares during the quarter. Jane Street Group LLC owned about 0.08% of Kaiser Aluminum worth $916,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of KALU. AlphaQuest LLC boosted its stake in Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 542 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Kaiser Aluminum in the fourth quarter worth $52,000. KBC Group NV boosted its stake in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 410 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in Kaiser Aluminum by 87.1% in the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 784 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Kaiser Aluminum by 325.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 1,352 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KALU. JPMorgan Chase & Co. boosted their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Benchmark cut 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. Wall Street Zen lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wolfe Research raised Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday, April 11th.

Kaiser Aluminum Trading Up 0.1%

NASDAQ KALU opened at $69.85 on Friday. The stock has a 50-day simple moving average of $62.61 and a 200 day simple moving average of $70.06. The company has a market capitalization of $1.13 billion, a PE ratio of 24.34 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $100.49.

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

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.41%. Kaiser Aluminum’s dividend payout ratio is presently 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.