Bank of New York Mellon Corp Trims Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Bank of New York Mellon Corp cut its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,569 shares of the industrial products company's stock after selling 13,447 shares during the period. Bank of New York Mellon Corp owned about 1.12% of Kaiser Aluminum worth $12,618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in Kaiser Aluminum in the 3rd quarter valued at about $41,000. KBC Group NV raised its stake in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 410 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in Kaiser Aluminum in the 3rd quarter valued at about $169,000. Virtu Financial LLC acquired a new position in Kaiser Aluminum in the 3rd quarter valued at about $217,000. Finally, Quadrature Capital Ltd acquired a new position in Kaiser Aluminum in the 3rd quarter valued at about $247,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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Kaiser Aluminum Trading Up 1.7 %

Shares of NASDAQ KALU traded up $1.16 on Friday, reaching $70.33. 95,495 shares of the company traded hands, compared to its average volume of 128,730. Kaiser Aluminum Co. has a fifty-two week low of $63.44 and a fifty-two week high of $102.42. The company has a 50 day moving average of $70.82 and a 200 day moving average of $73.24. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.13 billion, a PE ratio of 24.51 and a beta of 1.37.

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

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 4.38%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 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.