Cubist Systematic Strategies LLC Has $4.45 Million Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Cubist Systematic Strategies LLC increased its stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,029 shares of the financial services provider's stock after purchasing an additional 41,002 shares during the period. Cubist Systematic Strategies LLC owned 0.35% of Alexander & Baldwin worth $4,453,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised 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. Northern Trust Corp raised its position in Alexander & Baldwin by 23.5% in the 4th 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 last quarter. JPMorgan Chase & Co. raised its position in shares of Alexander & Baldwin by 51.0% during the 4th quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock valued at $15,612,000 after acquiring an additional 297,044 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Alexander & Baldwin by 0.5% during the 4th quarter. Clearbridge Investments LLC now owns 614,940 shares of the financial services provider's stock valued at $10,909,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Alexander & Baldwin by 2.2% during the 4th quarter. Invesco Ltd. now owns 457,377 shares of the financial services provider's stock valued at $8,114,000 after acquiring an additional 9,705 shares during the last quarter. Institutional investors own 91.29% of the company's stock.

Analysts Set New Price Targets

ALEX has been the subject of several recent research reports. Piper Sandler upped their target price on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. StockNews.com cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th.

Alexander & Baldwin Trading Up 1.4%

Shares of Alexander & Baldwin stock traded up $0.24 on Thursday, hitting $17.59. 75,388 shares of the company's stock traded hands, compared to its average volume of 388,038. Alexander & Baldwin, Inc. has a one year low of $15.70 and a one year high of $20.30. The stock has a market capitalization of $1.28 billion, a PE ratio of 28.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The firm's 50-day moving average price is $17.08 and its two-hundred day moving average price is $17.90.

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

Alexander & Baldwin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be issued 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 105.88%.

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.