D. E. Shaw & Co. Inc. Acquires 141,376 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

D. E. Shaw & Co. Inc. boosted its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 692.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,784 shares of the financial services provider's stock after purchasing an additional 141,376 shares during the period. D. E. Shaw & Co. Inc. owned 0.22% of Alexander & Baldwin worth $2,870,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position 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 valued at $29,000 after purchasing an additional 1,239 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Alexander & Baldwin during the fourth quarter valued at approximately $112,000. XTX Topco Ltd acquired a new position in Alexander & Baldwin during the fourth quarter valued at approximately $206,000. Aigen Investment Management LP acquired a new position in Alexander & Baldwin during the fourth quarter valued at approximately $227,000. Finally, Tower Research Capital LLC TRC boosted its position in Alexander & Baldwin by 138.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock valued at $234,000 after purchasing an additional 7,653 shares during the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Performance

Shares of ALEX traded down $0.09 during mid-day trading on Friday, reaching $17.31. The company's stock had a trading volume of 295,707 shares, compared to its average volume of 391,042. Alexander & Baldwin, Inc. has a 1-year low of $15.70 and a 1-year high of $20.30. The stock has a market cap of $1.26 billion, a P/E ratio of 27.91 and a beta of 0.99. The business has a 50-day simple moving average of $17.04 and a two-hundred day simple moving average of $17.81. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.

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

Alexander & Baldwin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.20%. Alexander & Baldwin's dividend payout ratio (DPR) is currently 105.88%.

Wall Street Analysts Forecast Growth

ALEX has been the subject of several recent research reports. Wall Street Zen cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th. 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 report on Friday, February 28th.

About Alexander & Baldwin

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.