Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 167.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,986 shares of the financial services provider's stock after buying an additional 21,283 shares during the quarter. Intech Investment Management LLC's holdings in Alexander & Baldwin were worth $603,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Alexander & Baldwin by 19.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider's stock worth $66,000 after purchasing an additional 572 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Alexander & Baldwin by 2.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 33,607 shares of the financial services provider's stock valued at $596,000 after acquiring an additional 648 shares during the last quarter. CKW Financial Group grew its holdings in shares of Alexander & Baldwin by 5.8% in the third quarter. CKW Financial Group now owns 16,785 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 924 shares during the period. Versant Capital Management Inc increased its position in Alexander & Baldwin by 90.0% during the fourth quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider's stock worth $39,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Alexander & Baldwin by 5.1% during the 4th quarter. Inspire Investing LLC now owns 22,583 shares of the financial services provider's stock worth $401,000 after buying an additional 1,096 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

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Alexander & Baldwin Trading Down 0.5 %

NYSE:ALEX traded down $0.09 on Friday, reaching $17.15. 297,334 shares of the company's stock were exchanged, compared to its average volume of 350,323. The business has a fifty day moving average of $17.74 and a 200-day moving average of $18.42. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin, Inc. has a 52-week low of $15.53 and a 52-week high of $20.30. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.67 and a beta of 1.27.

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

Alexander & Baldwin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Alexander & Baldwin's previous quarterly dividend of $0.22. Alexander & Baldwin's payout ratio is 107.14%.

Analyst Ratings Changes

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

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.