First Eagle Investment Management LLC Has $9.78 Million Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

First Eagle Investment Management LLC cut its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,132 shares of the industrial products company's stock after selling 11,650 shares during the period. First Eagle Investment Management LLC owned 0.86% of Kaiser Aluminum worth $9,777,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Great Lakes Advisors LLC increased its stake 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 worth $4,389,000 after purchasing an additional 19,606 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Kaiser Aluminum during the 4th quarter worth about $213,000. AlphaQuest LLC increased its stake in shares of Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after purchasing an additional 542 shares during the last quarter. Amundi increased its stake in shares of Kaiser Aluminum by 196.0% during the 4th quarter. Amundi now owns 8,934 shares of the industrial products company's stock worth $629,000 after purchasing an additional 5,916 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Kaiser Aluminum in the 4th quarter valued at about $2,245,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Kaiser Aluminum Stock Performance

KALU traded up $0.21 on Wednesday, reaching $70.42. The company had a trading volume of 102,734 shares, compared to its average volume of 128,366. Kaiser Aluminum Co. has a fifty-two week low of $63.44 and a fifty-two week high of $102.42. The stock has a market cap of $1.13 billion, a P/E ratio of 24.54 and a beta of 1.37. The company's fifty day moving average is $70.82 and its 200 day moving average is $73.18. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings results 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). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. During the same quarter last year, the company posted $0.60 EPS. As a group, analysts predict 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. Shareholders of record on Friday, January 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.37%. Kaiser Aluminum's payout ratio is presently 107.32%.

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.