Jane Street Group LLC Increases Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Jane Street Group LLC grew its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 44.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,030 shares of the industrial products company's stock after purchasing an additional 3,991 shares during the period. Jane Street Group LLC owned about 0.08% of Kaiser Aluminum worth $916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KALU. Wellington Management Group LLP boosted its position in Kaiser Aluminum by 103.6% during the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after purchasing an additional 219,827 shares during the period. Empowered Funds LLC bought a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $3,878,000. American Century Companies Inc. boosted its position in shares of Kaiser Aluminum by 12.6% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock valued at $31,461,000 after acquiring an additional 49,948 shares during the period. Norges Bank acquired a new position in Kaiser Aluminum in the fourth quarter valued at about $3,312,000. Finally, Stephens Inc. AR acquired a new position in Kaiser Aluminum in the fourth quarter valued at about $3,150,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Wall Street Zen downgraded shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Benchmark cut their target price on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th.

Kaiser Aluminum Price Performance

NASDAQ KALU traded up $0.10 on Thursday, reaching $73.14. 97,202 shares of the company's stock traded hands, compared to its average volume of 138,527. The stock has a market cap of $1.18 billion, a PE ratio of 25.48 and a beta of 1.40. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $100.49. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The stock has a 50-day simple moving average of $62.93 and a 200 day simple moving average of $69.72.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.91. The firm had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 earnings per share. As a group, research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 25th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 115.36%.

About Kaiser Aluminum

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.