15,456 Shares in Alexander & Baldwin, Inc. (NYSE:ALEX) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,456 shares of the financial services provider's stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in shares of Alexander & Baldwin by 48.5% during the 3rd quarter. Cerity Partners LLC now owns 21,882 shares of the financial services provider's stock worth $420,000 after purchasing an additional 7,142 shares during the period. FMR LLC boosted its position in shares of Alexander & Baldwin by 153.9% during the third quarter. FMR LLC now owns 16,080 shares of the financial services provider's stock valued at $309,000 after buying an additional 9,746 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 valued at $9,240,000 after buying an additional 382,327 shares during the period. Centiva Capital LP bought a new position in shares of Alexander & Baldwin during the third quarter valued at approximately $306,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Alexander & Baldwin in the third quarter worth approximately $1,151,000. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Trading Up 1.5 %

NYSE:ALEX traded up $0.24 during midday trading on Friday, hitting $16.24. The stock had a trading volume of 1,093,889 shares, compared to its average volume of 373,213. The stock has a 50-day moving average of $17.47 and a 200 day moving average of $18.16. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 26.19 and a beta of 1.03. Alexander & Baldwin, Inc. has a one year low of $15.53 and a one year high of $20.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47.

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

Alexander & Baldwin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, March 14th were given a dividend of $0.225 per share. This is an increase from Alexander & Baldwin's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 5.54%. Alexander & Baldwin's dividend payout ratio (DPR) is 107.14%.

Wall Street Analysts Forecast Growth

ALEX has been the subject of a number of recent analyst reports. JMP Securities restated a "market perform" rating on shares of Alexander & Baldwin in a report on Monday, January 6th. Piper Sandler boosted their target price 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. Finally, StockNews.com downgraded shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th.

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.