Public Sector Pension Investment Board Boosts Stock Holdings in Alexander & Baldwin Holdings, Inc. $ALEX

Public Sector Pension Investment Board boosted its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 27.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 230,294 shares of the financial services provider's stock after acquiring an additional 49,299 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Alexander & Baldwin worth $3,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its holdings in Alexander & Baldwin by 2.3% in the 4th quarter. Bank of Montreal Can now owns 27,594 shares of the financial services provider's stock worth $490,000 after purchasing an additional 615 shares during the period. PNC Financial Services Group Inc. raised its holdings in Alexander & Baldwin by 3.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,810 shares of the financial services provider's stock worth $341,000 after purchasing an additional 621 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Alexander & Baldwin by 0.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider's stock worth $2,742,000 after purchasing an additional 948 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Alexander & Baldwin by 3.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 34,193 shares of the financial services provider's stock worth $589,000 after purchasing an additional 1,033 shares during the period. Finally, New York State Common Retirement Fund increased its stake in Alexander & Baldwin by 6.7% during the 1st quarter. New York State Common Retirement Fund now owns 22,185 shares of the financial services provider's stock worth $382,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

NYSE:ALEX traded up $0.02 during trading hours on Thursday, hitting $18.60. 116,761 shares of the stock were exchanged, compared to its average volume of 425,711. Alexander & Baldwin Holdings, Inc. has a 52-week low of $15.70 and a 52-week high of $20.11. The firm's fifty day moving average price is $18.04 and its 200 day moving average price is $17.65. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.35 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.67 and a beta of 1.04.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.8%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's payout ratio is 84.11%.

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.