Zurcher Kantonalbank Zurich Cantonalbank Buys 15,841 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 48.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,761 shares of the financial services provider's stock after buying an additional 15,841 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Alexander & Baldwin worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in Alexander & Baldwin by 284.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock worth $29,000 after buying an additional 1,239 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Alexander & Baldwin by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider's stock worth $39,000 after acquiring an additional 1,034 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Alexander & Baldwin by 19.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 572 shares during the last quarter. KBC Group NV increased its stake in Alexander & Baldwin by 53.6% in the third quarter. KBC Group NV now owns 3,835 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Alexander & Baldwin during the third quarter valued at approximately $79,000. Institutional investors and hedge funds own 91.29% of the company's stock.

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Alexander & Baldwin Price Performance

Shares of ALEX traded up $0.17 during trading hours on Monday, reaching $17.30. The stock had a trading volume of 353,562 shares, compared to its average volume of 329,194. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a 12 month low of $15.53 and a 12 month high of $20.30. The stock has a market capitalization of $1.26 billion, a PE ratio of 27.91 and a beta of 1.27. The company's 50-day moving average is $17.75 and its two-hundred day moving average is $18.47.

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 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 firm had revenue of $62.45 million for the quarter, compared to analyst estimates of $49.68 million. Research analysts expect that Alexander & Baldwin, Inc. will post 1.35 EPS 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 $0.225 dividend. This is a boost from Alexander & Baldwin's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.20%. The ex-dividend date is Friday, March 14th. Alexander & Baldwin's dividend payout ratio is 107.14%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JMP Securities reiterated a "market perform" rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Piper Sandler raised their price objective on 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 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.