Standard Life Aberdeen plc Lowers Stake in Kaiser Aluminum Corp. (KALU)

Standard Life Aberdeen plc reduced its position in Kaiser Aluminum Corp. (NASDAQ:KALU) by 4.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 500,036 shares of the industrial products company’s stock after selling 21,480 shares during the period. Standard Life Aberdeen plc’s holdings in Kaiser Aluminum were worth $52,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Kaiser Aluminum by 27.5% in the 1st quarter. Wells Fargo & Company MN now owns 101,967 shares of the industrial products company’s stock worth $10,289,000 after purchasing an additional 21,967 shares in the last quarter. SG Americas Securities LLC boosted its stake in Kaiser Aluminum by 137.3% in the 1st quarter. SG Americas Securities LLC now owns 5,638 shares of the industrial products company’s stock worth $569,000 after purchasing an additional 3,262 shares in the last quarter. American Century Companies Inc. boosted its stake in Kaiser Aluminum by 6.2% in the 1st quarter. American Century Companies Inc. now owns 77,513 shares of the industrial products company’s stock worth $7,821,000 after purchasing an additional 4,499 shares in the last quarter. Swiss National Bank boosted its stake in Kaiser Aluminum by 2.8% in the 1st quarter. Swiss National Bank now owns 29,500 shares of the industrial products company’s stock worth $2,977,000 after purchasing an additional 800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Kaiser Aluminum by 0.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 138,414 shares of the industrial products company’s stock worth $13,966,000 after purchasing an additional 1,194 shares in the last quarter.

Shares of NASDAQ KALU opened at $109.13 on Monday. The company has a quick ratio of 2.72, a current ratio of 3.63 and a debt-to-equity ratio of 0.49. Kaiser Aluminum Corp. has a 12 month low of $90.93 and a 12 month high of $119.66. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.12 and a beta of 0.65.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Monday, July 23rd. The industrial products company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.58 by $0.10. Kaiser Aluminum had a net margin of 3.43% and a return on equity of 12.03%. The business had revenue of $415.00 million during the quarter, compared to analysts’ expectations of $398.95 million. During the same period in the previous year, the business posted $1.47 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. equities research analysts forecast that Kaiser Aluminum Corp. will post 6.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Thursday, July 26th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.02%. The ex-dividend date was Wednesday, July 25th. Kaiser Aluminum’s payout ratio is 43.22%.

A number of analysts recently commented on KALU shares. BidaskClub upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Saturday, July 28th. Morgan Stanley lifted their target price on shares of Kaiser Aluminum from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 1st. Jefferies Financial Group started coverage on shares of Kaiser Aluminum in a research note on Monday, July 16th. They issued a “hold” rating and a $122.00 target price for the company. Finally, ValuEngine cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Kaiser Aluminum currently has an average rating of “Hold” and an average target price of $107.63.

In other news, Director Jack Quinn sold 1,313 shares of Kaiser Aluminum stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $110.33, for a total transaction of $144,863.29. Following the completion of the transaction, the director now directly owns 8,789 shares of the company’s stock, valued at approximately $969,690.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Melinda C. Ellsworth sold 1,100 shares of Kaiser Aluminum stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $112.23, for a total transaction of $123,453.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,413 shares of company stock valued at $1,727,486. Company insiders own 3.20% of the company’s stock.

About Kaiser Aluminum

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

Featured Story: Dividend

Want to see what other hedge funds are holding KALU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaiser Aluminum Corp. (NASDAQ:KALU).

Institutional Ownership by Quarter for Kaiser Aluminum (NASDAQ:KALU)

Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply