Amundi Raises Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Amundi lifted its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 196.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,934 shares of the industrial products company's stock after purchasing an additional 5,916 shares during the period. Amundi owned about 0.06% of Kaiser Aluminum worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KALU. Point72 DIFC Ltd purchased a new position in Kaiser Aluminum during the third quarter valued at approximately $41,000. Jones Financial Companies Lllp purchased a new position in Kaiser Aluminum during the 4th quarter valued at approximately $52,000. KBC Group NV increased its position 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 during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Kaiser Aluminum in the 3rd quarter worth about $169,000. Finally, Virtu Financial LLC bought a new stake in Kaiser Aluminum during the third quarter worth approximately $217,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Trading Up 1.7 %

Shares of KALU traded up $1.11 during mid-day trading on Monday, reaching $67.39. 101,305 shares of the company's stock traded hands, compared to its average volume of 128,350. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The stock's 50-day moving average is $70.72 and its two-hundred day moving average is $73.12. Kaiser Aluminum Co. has a 12 month low of $63.44 and a 12 month high of $102.42. The stock has a market cap of $1.08 billion, a P/E ratio of 23.48 and a beta of 1.37.

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Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $765.40 million during the quarter, compared to the consensus estimate of $752.00 million. During the same period last year, the company earned $0.60 EPS. Research analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum's dividend payout ratio is presently 107.32%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Sunday.

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.