Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC increased its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 151.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,635 shares of the financial services provider's stock after acquiring an additional 22,069 shares during the quarter. EntryPoint Capital LLC owned approximately 0.05% of Alexander & Baldwin worth $650,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Alexander & Baldwin by 9.4% in the third quarter. State Street Corp now owns 4,228,089 shares of the financial services provider's stock worth $82,033,000 after buying an additional 363,223 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Alexander & Baldwin by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider's stock worth $35,723,000 after acquiring an additional 43,333 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Alexander & Baldwin by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider's stock worth $36,032,000 after purchasing an additional 23,441 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Alexander & Baldwin by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 582,974 shares of the financial services provider's stock valued at $11,193,000 after purchasing an additional 140,207 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alexander & Baldwin by 386.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 481,253 shares of the financial services provider's stock worth $9,240,000 after purchasing an additional 382,327 shares during the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALEX. StockNews.com lowered Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th. JMP Securities reaffirmed a "market perform" rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, Piper Sandler raised their price target on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, February 28th.

Alexander & Baldwin Stock Performance

Shares of ALEX stock traded down $0.17 during trading hours on Friday, reaching $17.08. The stock had a trading volume of 90,834 shares, compared to its average volume of 349,524. The firm has a market capitalization of $1.24 billion, a PE ratio of 27.54 and a beta of 1.27. The firm has a 50-day simple moving average of $17.74 and a 200-day simple moving average of $18.42. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.15 by $0.15. The company had revenue of $62.45 million for the quarter, compared to analyst estimates of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. As a group, equities analysts forecast that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current year.

Alexander & Baldwin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Alexander & Baldwin's previous quarterly dividend of $0.22. Alexander & Baldwin's payout ratio is 107.14%.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company's simplification and monetization effort.