17,665 Shares in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has acquired 17,665 shares of Alexander & Baldwin Holdings, Inc., valued at approximately $304,000, as reported in a recent 13F filing.
• Several institutional investors, including Northern Trust Corp and Allianz Asset Management, have significantly increased their stakes in Alexander & Baldwin during the past two quarters, highlighting strong institutional interest.
• Alexander & Baldwin recently announced a $0.225 quarterly dividend, yielding 4.9%, with the payout set for October 7th for investors of record on September 12th.

Natixis Advisors LLC purchased a new position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,665 shares of the financial services provider's stock, valued at approximately $304,000.

Several other hedge funds have also recently modified their holdings of ALEX. Northern Trust Corp increased its holdings in shares of Alexander & Baldwin by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock valued at $18,110,000 after purchasing an additional 194,534 shares during the last quarter. Regency Capital Management Inc. DE increased its holdings in shares of Alexander & Baldwin by 21.7% in the first quarter. Regency Capital Management Inc. DE now owns 524,304 shares of the financial services provider's stock valued at $9,034,000 after purchasing an additional 93,557 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Alexander & Baldwin by 29.5% in the first quarter. Allianz Asset Management GmbH now owns 506,034 shares of the financial services provider's stock valued at $8,719,000 after purchasing an additional 115,161 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alexander & Baldwin by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,565 shares of the financial services provider's stock valued at $8,862,000 after buying an additional 18,312 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Alexander & Baldwin by 2.2% in the 4th quarter. Invesco Ltd. now owns 457,377 shares of the financial services provider's stock valued at $8,114,000 after buying an additional 9,705 shares during the period. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Trading Up 0.1%

Shares of Alexander & Baldwin stock traded up $0.01 during mid-day trading on Friday, hitting $18.44. The stock had a trading volume of 385,705 shares, compared to its average volume of 414,162. The firm has a 50-day moving average of $18.03 and a two-hundred day moving average of $17.64. Alexander & Baldwin Holdings, Inc. has a 12-month low of $15.70 and a 12-month high of $20.11. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.34 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04.

Alexander & Baldwin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's payout ratio is 84.11%.

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.