Renaissance Technologies LLC Has $6.05 Million Stock Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Renaissance Technologies LLC lifted its position in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 341,231 shares of the financial services provider's stock after buying an additional 40,800 shares during the quarter. Renaissance Technologies LLC owned about 0.47% of Alexander & Baldwin worth $6,053,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Alexander & Baldwin by 284.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,239 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Alexander & Baldwin by 90.0% in the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 1,034 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Alexander & Baldwin in the fourth quarter worth $112,000. Aigen Investment Management LP acquired a new position in Alexander & Baldwin during the fourth quarter worth $227,000. Finally, Van ECK Associates Corp raised its holdings in Alexander & Baldwin by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 13,787 shares of the financial services provider's stock valued at $245,000 after buying an additional 1,277 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Wall Street Analysts Forecast Growth

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

Alexander & Baldwin Stock Performance

NYSE ALEX traded down $0.11 during trading on Thursday, hitting $16.53. The company's stock had a trading volume of 60,442 shares, compared to its average volume of 375,289. Alexander & Baldwin, Inc. has a 52 week low of $15.70 and a 52 week 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. The firm has a market cap of $1.20 billion, a P/E ratio of 26.68 and a beta of 1.03. The firm has a 50 day moving average price of $17.27 and a 200 day moving average price of $18.04.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last released its 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 firm had revenue of $62.45 million during the quarter, compared to analysts' expectations of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. Equities research analysts forecast that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, March 14th were issued a $0.225 dividend. This is a boost from Alexander & Baldwin's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 5.44%. Alexander & Baldwin's dividend payout ratio is 107.14%.

Alexander & Baldwin 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.