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

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,155 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Kaiser Aluminum were worth $2,010,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in Kaiser Aluminum by 7.3% during the first quarter. Cetera Investment Advisers now owns 4,217 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 287 shares during the period. Leisure Capital Management lifted its stake in shares of Kaiser Aluminum by 32.6% during the 1st quarter. Leisure Capital Management now owns 13,142 shares of the industrial products company’s stock valued at $797,000 after buying an additional 3,230 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Kaiser Aluminum by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 299,274 shares of the industrial products company’s stock worth $18,142,000 after buying an additional 956 shares during the period. Headlands Technologies LLC grew its stake in Kaiser Aluminum by 128.5% in the 1st quarter. Headlands Technologies LLC now owns 3,338 shares of the industrial products company’s stock valued at $202,000 after buying an additional 1,877 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Kaiser Aluminum in the 1st quarter valued at approximately $430,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Up 1.4%

Shares of NASDAQ KALU opened at $93.08 on Tuesday. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. 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 capitalization of $1.51 billion, a price-to-earnings 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.

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

Kaiser Aluminum Dividend Announcement

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

Wall Street Analyst Weigh In

KALU has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Finally, Wells Fargo & Company raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.67.

Insider Transactions at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the transaction, the executive vice president owned 26,275 shares of the company’s stock, valued at $2,467,748. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.