APG Asset Management N.V. acquired a new stake in Kaiser Aluminum Corp. (NASDAQ:KALU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,900 shares of the industrial products company’s stock, valued at approximately $1,148,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shell Asset Management Co. boosted its position in Kaiser Aluminum by 80.6% during the third quarter. Shell Asset Management Co. now owns 31,579 shares of the industrial products company’s stock valued at $2,407,000 after acquiring an additional 14,089 shares during the last quarter. Sterling Capital Management LLC bought a new stake in Kaiser Aluminum during the third quarter valued at $1,156,000. Vident Investment Advisory LLC bought a new stake in Kaiser Aluminum during the third quarter valued at $2,751,000. State Street Corp boosted its position in Kaiser Aluminum by 7.9% during the second 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 last quarter. Finally, Janus Henderson Group PLC bought a new stake in Kaiser Aluminum during the second quarter valued at $1,328,000. Institutional investors and hedge funds own 99.84% of the company’s stock.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. BidaskClub raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. Cowen set a $97.00 price target on shares of Kaiser Aluminum and gave the company a “hold” rating in a research report on Thursday, October 12th. Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 price target on the stock. in a research report on Tuesday, October 17th. Finally, Credit Suisse Group upped their price target on shares of Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $101.29.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 26th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, January 25th. This is a boost from Kaiser Aluminum’s previous quarterly dividend of $0.50. Kaiser Aluminum’s dividend payout ratio is 45.45%.
Kaiser Aluminum Profile
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.
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