Kaiser Aluminum Co. (NASDAQ:KALU) Stake Boosted by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 124.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,020 shares of the industrial products company’s stock after acquiring an additional 36,029 shares during the period. Intech Investment Management LLC’s holdings in Kaiser Aluminum were worth $4,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Advisors Asset Management Inc. grew its holdings in shares of Kaiser Aluminum by 75.4% during the 4th quarter. Advisors Asset Management Inc. now owns 35,237 shares of the industrial products company’s stock valued at $2,476,000 after acquiring an additional 15,150 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Kaiser Aluminum by 45.7% during the 4th quarter. Great Lakes Advisors LLC now owns 62,466 shares of the industrial products company’s stock valued at $4,389,000 after acquiring an additional 19,606 shares in the last quarter. HighTower Advisors LLC bought a new stake in Kaiser Aluminum in the fourth quarter worth $213,000. AlphaQuest LLC boosted its holdings 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. Finally, Amundi boosted its holdings in Kaiser Aluminum by 196.0% in the fourth quarter. Amundi now owns 8,934 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 5,916 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Saturday.

Kaiser Aluminum Trading Down 0.3 %

Shares of NASDAQ:KALU opened at $70.21 on Wednesday. The stock has a market capitalization of $1.13 billion, a PE ratio of 24.46 and a beta of 1.37. Kaiser Aluminum Co. has a 1 year low of $63.44 and a 1 year high of $102.42. The firm has a fifty day moving average price of $70.82 and a 200 day moving average price of $73.18. 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 (NASDAQ:KALU) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). The firm had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same period in the prior year, the firm earned $0.60 EPS. Analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum’s dividend 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.