Algert Global LLC Has $1.73 Million Stake in Alexander & Baldwin, Inc. (NYSE:ALEX)

Algert Global LLC lifted its position in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,607 shares of the financial services provider's stock after acquiring an additional 17,477 shares during the quarter. Algert Global LLC owned 0.13% of Alexander & Baldwin worth $1,732,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ALEX. Intech Investment Management LLC boosted its stake in Alexander & Baldwin by 167.5% during the fourth quarter. Intech Investment Management LLC now owns 33,986 shares of the financial services provider's stock valued at $603,000 after buying an additional 21,283 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Alexander & Baldwin by 23.5% during the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after purchasing an additional 194,534 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in Alexander & Baldwin by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider's stock worth $35,723,000 after purchasing an additional 43,333 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Alexander & Baldwin by 32.8% during the fourth quarter. Prudential Financial Inc. now owns 99,997 shares of the financial services provider's stock valued at $1,774,000 after acquiring an additional 24,700 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Stock Up 1.3%

NYSE ALEX traded up $0.22 during trading hours on Thursday, reaching $17.57. 56,185 shares of the company's stock were exchanged, compared to its average volume of 387,968. 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 one year low of $15.70 and a one year high of $20.30. The company's 50-day moving average is $17.08 and its two-hundred day moving average is $17.90. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 28.33 and a beta of 0.99.

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

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 13th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is currently 105.88%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALEX shares. Piper Sandler upped their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, February 28th. StockNews.com lowered shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report 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.