Robecosam AG Trims Stake in Kaiser Aluminum Corporation (KALU)

Robecosam AG trimmed its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,500 shares of the industrial products company’s stock after selling 2,500 shares during the period. Robecosam AG owned about 0.72% of Kaiser Aluminum Corporation worth $10,673,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Kaiser Aluminum Corporation by 7.9% during the 2nd quarter. State Street Corp now owns 686,950 shares of the industrial products company’s stock valued at $60,811,000 after acquiring an additional 50,201 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Kaiser Aluminum Corporation during the 2nd quarter valued at approximately $1,328,000. Macquarie Group Ltd. lifted its position in shares of Kaiser Aluminum Corporation by 30.9% during the 2nd quarter. Macquarie Group Ltd. now owns 418,863 shares of the industrial products company’s stock valued at $37,078,000 after acquiring an additional 98,855 shares during the period. Flinton Capital Management LLC lifted its position in shares of Kaiser Aluminum Corporation by 54.3% during the 2nd quarter. Flinton Capital Management LLC now owns 1,836 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 646 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Kaiser Aluminum Corporation by 26.1% during the 2nd quarter. Royal Bank of Canada now owns 33,227 shares of the industrial products company’s stock valued at $2,942,000 after acquiring an additional 6,879 shares during the period. Institutional investors own 98.04% of the company’s stock.

A number of research firms have recently issued reports on KALU. Zacks Investment Research upgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Friday, October 6th. Cowen and Company reiterated a “hold” rating and set a $97.00 price target on shares of Kaiser Aluminum Corporation in a research report on Thursday. BidaskClub upgraded shares of Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price target (up from $80.00) on shares of Kaiser Aluminum Corporation in a research report on Tuesday, July 25th. Finally, Bank of America Corporation lifted their price target on shares of Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $97.00.

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Shares of Kaiser Aluminum Corporation (KALU) traded up 1.12% on Thursday, hitting $106.71. 19,740 shares of the stock were exchanged. The company has a market cap of $1.80 billion, a P/E ratio of 23.44 and a beta of 0.54. The firm’s 50-day moving average is $100.28 and its 200-day moving average is $90.18. Kaiser Aluminum Corporation has a one year low of $69.41 and a one year high of $106.71.

Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.46. The company had revenue of $356.00 million during the quarter, compared to analyst estimates of $349.62 million. Kaiser Aluminum Corporation had a net margin of 5.87% and a return on equity of 11.71%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.02 EPS. On average, equities analysts forecast that Kaiser Aluminum Corporation will post $5.33 EPS for the current fiscal year.

In related news, CEO Jack A. Hockema sold 9,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $102.67, for a total transaction of $924,030.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alfred E. Osborne, Jr. sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $94.56, for a total transaction of $189,120.00. Following the sale, the director now directly owns 15,622 shares of the company’s stock, valued at $1,477,216.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,696 shares of company stock valued at $2,662,349. Company insiders own 3.00% of the company’s stock.

About Kaiser Aluminum Corporation

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.

Institutional Ownership by Quarter for Kaiser Aluminum Corporation (NASDAQ:KALU)

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