Federated Investors Inc. PA raised its stake in Kaiser Aluminum Corp. (NASDAQ:KALU) by 64.7% during the second quarter, Holdings Channel reports. The institutional investor owned 19,149 shares of the industrial products company’s stock after purchasing an additional 7,522 shares during the quarter. Federated Investors Inc. PA’s holdings in Kaiser Aluminum were worth $1,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Kaiser Aluminum by 2.1% in the second quarter. BlackRock Inc. now owns 2,230,561 shares of the industrial products company’s stock valued at $232,223,000 after buying an additional 46,841 shares during the last quarter. Victory Capital Management Inc. increased its stake in Kaiser Aluminum by 0.6% during the second quarter. Victory Capital Management Inc. now owns 497,539 shares of the industrial products company’s stock worth $51,799,000 after purchasing an additional 3,167 shares during the period. Northern Trust Corp increased its stake in Kaiser Aluminum by 0.9% during the first quarter. Northern Trust Corp now owns 476,934 shares of the industrial products company’s stock worth $48,123,000 after purchasing an additional 4,443 shares during the period. Acadian Asset Management LLC increased its stake in Kaiser Aluminum by 6.3% during the second quarter. Acadian Asset Management LLC now owns 463,643 shares of the industrial products company’s stock worth $48,270,000 after purchasing an additional 27,505 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Kaiser Aluminum by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 352,009 shares of the industrial products company’s stock worth $35,517,000 after purchasing an additional 60,831 shares during the period. 99.81% of the stock is currently owned by institutional investors.

Shares of NASDAQ:KALU opened at $107.34 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.72 and a current ratio of 3.63. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.07 and a beta of 0.70. Kaiser Aluminum Corp. has a 1 year low of $90.93 and a 1 year high of $119.66.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Monday, July 23rd. The industrial products company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.10. Kaiser Aluminum had a net margin of 3.43% and a return on equity of 12.03%. The firm had revenue of $415.00 million for the quarter, compared to analyst estimates of $398.95 million. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. analysts anticipate that Kaiser Aluminum Corp. will post 6.52 EPS for the current fiscal year.

In related news, CEO Jack A. Hockema sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $111.91, for a total transaction of $671,460.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack Quinn sold 1,313 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $110.33, for a total transaction of $144,863.29. Following the sale, the director now owns 8,789 shares in the company, valued at $969,690.37. The disclosure for this sale can be found here. Insiders have sold 8,413 shares of company stock worth $939,776 over the last 90 days. Insiders own 3.20% of the company’s stock.

A number of analysts have issued reports on KALU shares. Goldman Sachs Group lowered shares of Kaiser Aluminum from a “neutral” rating to a “sell” rating and cut their price target for the stock from $105.00 to $101.00 in a research note on Monday, August 13th. Morgan Stanley boosted their price target on shares of Kaiser Aluminum from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 1st. Zacks Investment Research lowered shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Saturday, August 4th. BidaskClub upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. Finally, Jefferies Financial Group started coverage on shares of Kaiser Aluminum in a research note on Monday, July 16th. They set a “hold” rating and a $122.00 price target on the stock. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Kaiser Aluminum presently has an average rating of “Hold” and a consensus target price of $107.63.

Kaiser Aluminum Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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

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