Robecosam AG increased its holdings in shares of Kaiser Aluminum Corp. (NASDAQ:KALU) by 33.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,000 shares of the industrial products company’s stock after purchasing an additional 40,500 shares during the quarter. Kaiser Aluminum accounts for 1.2% of Robecosam AG’s holdings, making the stock its 27th biggest position. Robecosam AG owned approximately 0.96% of Kaiser Aluminum worth $17,674,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc bought a new position in shares of Kaiser Aluminum during the 3rd quarter worth approximately $124,000. Invictus RG grew its stake in shares of Kaiser Aluminum by 140.9% during the 3rd quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 982 shares in the last quarter. First Interstate Bank bought a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $182,000. SG Americas Securities LLC bought a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $254,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Kaiser Aluminum during the 3rd quarter worth approximately $260,000.
In other news, CEO Jack A. Hockema sold 9,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $104.01, for a total value of $936,090.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
Shares of Kaiser Aluminum Corp. (KALU) opened at $107.11 on Monday. The company has a market capitalization of $1,794.93, a P/E ratio of 41.68, a PEG ratio of 1.11 and a beta of 0.63. The company has a quick ratio of 2.59, a current ratio of 3.79 and a debt-to-equity ratio of 0.50. Kaiser Aluminum Corp. has a twelve month low of $74.86 and a twelve month high of $116.86.
Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.04). The company had revenue of $353.00 million during the quarter, compared to analyst estimates of $348.95 million. Kaiser Aluminum had a net margin of 3.25% and a return on equity of 11.35%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 EPS. analysts forecast that Kaiser Aluminum Corp. will post 6.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 26th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, January 25th. This is an increase from Kaiser Aluminum’s previous quarterly dividend of $0.50. Kaiser Aluminum’s dividend payout ratio is presently 85.60%.
ILLEGAL ACTIVITY NOTICE: “Robecosam AG Boosts Position in Kaiser Aluminum Corp. (KALU)” was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/03/12/robecosam-ag-boosts-position-in-kaiser-aluminum-corp-kalu.html.
About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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).
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.