Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. boosted its position in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 101.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 221,692 shares of the financial services provider's stock after acquiring an additional 111,392 shares during the period. Harbor Capital Advisors Inc. owned about 0.31% of Alexander & Baldwin worth $4,256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALEX. Private Management Group Inc. purchased a new stake in shares of Alexander & Baldwin during the 1st quarter valued at $2,289,000. Clearbridge Investments LLC grew its stake in shares of Alexander & Baldwin by 24.4% during the 1st quarter. Clearbridge Investments LLC now owns 623,284 shares of the financial services provider's stock valued at $10,265,000 after buying an additional 122,286 shares during the period. Wakefield Asset Management LLLP purchased a new stake in shares of Alexander & Baldwin during the 2nd quarter valued at $948,000. Reinhart Partners LLC. grew its stake in shares of Alexander & Baldwin by 2.9% during the 3rd quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider's stock valued at $49,035,000 after buying an additional 72,240 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Alexander & Baldwin by 18.7% during the 1st quarter. BNP Paribas Financial Markets now owns 46,859 shares of the financial services provider's stock valued at $772,000 after buying an additional 7,383 shares during the period. 91.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler restated an "overweight" rating and set a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. StockNews.com upgraded shares of Alexander & Baldwin from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Finally, Alliance Global Partners assumed coverage on shares of Alexander & Baldwin in a report on Thursday, August 8th. They set a "buy" rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.67.

Alexander & Baldwin Stock Up 1.3 %

ALEX stock traded up $0.24 during trading on Monday, reaching $18.99. The stock had a trading volume of 245,029 shares, compared to its average volume of 323,909. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30. The company has a current ratio of 0.35, a quick ratio of 0.53 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.38 billion, a P/E ratio of 30.24 and a beta of 1.26. The firm has a fifty day moving average price of $19.11 and a 200 day moving average price of $17.96.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc NYSE: ALEX (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.