AlphaQuest LLC Sells 1,285 Shares of Kaiser Aluminum Corporation $KALU

AlphaQuest LLC lessened its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 40.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,877 shares of the industrial products company’s stock after selling 1,285 shares during the quarter. AlphaQuest LLC’s holdings in Kaiser Aluminum were worth $150,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Kaiser Aluminum by 11.5% in the 1st quarter. American Century Companies Inc. now owns 499,314 shares of the industrial products company’s stock worth $30,268,000 after purchasing an additional 51,591 shares during the period. Bridgeway Capital Management LLC boosted its holdings in Kaiser Aluminum by 67.4% in the 1st quarter. Bridgeway Capital Management LLC now owns 109,124 shares of the industrial products company’s stock valued at $6,615,000 after purchasing an additional 43,930 shares during the period. Nuveen LLC bought a new position in Kaiser Aluminum in the 1st quarter valued at $2,622,000. Jane Street Group LLC boosted its stake in Kaiser Aluminum by 323.6% during the first 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 during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Kaiser Aluminum during the first quarter valued at $1,598,000. 99.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Kaiser Aluminum Trading Up 3.1%

KALU opened at $93.31 on Tuesday. The business has a 50 day simple moving average of $79.94 and a two-hundred day simple moving average of $77.23. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.87 and a beta of 1.49. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.48 and a quick ratio of 1.08. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $97.60.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The company had revenue of $765.40 million during the quarter. Analysts predict that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be paid a $0.77 dividend. The ex-dividend date is Friday, October 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.3%. Kaiser Aluminum’s payout ratio is currently 55.70%.

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.