Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,984 shares of the industrial products company’s stock after selling 4,024 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Kaiser Aluminum worth $2,755,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brightline Capital Management LLC increased its holdings in shares of Kaiser Aluminum by 1.0% during the third quarter. Brightline Capital Management LLC now owns 100,000 shares of the industrial products company’s stock valued at $7,252,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets grew its position in Kaiser Aluminum by 27.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,312 shares of the industrial products company’s stock valued at $1,401,000 after buying an additional 4,175 shares in the last quarter. Bank of Montreal Can grew its position in Kaiser Aluminum by 11.2% in the 3rd quarter. Bank of Montreal Can now owns 73,250 shares of the industrial products company’s stock valued at $5,360,000 after buying an additional 7,373 shares in the last quarter. Algert Global LLC increased its stake in Kaiser Aluminum by 2.5% during the 3rd quarter. Algert Global LLC now owns 62,178 shares of the industrial products company’s stock valued at $4,509,000 after buying an additional 1,531 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kaiser Aluminum by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after buying an additional 7,644 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 1.5 %

Kaiser Aluminum stock opened at $76.26 on Friday. Kaiser Aluminum Co. has a 12-month low of $59.52 and a 12-month high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36. The stock has a market capitalization of $1.23 billion, a PE ratio of 26.39 and a beta of 1.33. The firm has a 50 day simple moving average of $77.70 and a 200-day simple moving average of $79.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.16). The firm had revenue of $748.00 million for the quarter, compared to analyst estimates of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. As a group, equities research analysts expect that Kaiser Aluminum Co. will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 106.57%.

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.