Alexander & Baldwin Holdings, Inc. $ALEX Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,294 shares of the financial services provider's stock after purchasing an additional 49,299 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Alexander & Baldwin worth $3,968,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALEX. Wells Fargo & Company MN grew its holdings in Alexander & Baldwin by 27.1% in the fourth quarter. Wells Fargo & Company MN now owns 45,550 shares of the financial services provider's stock valued at $808,000 after purchasing an additional 9,709 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Alexander & Baldwin by 5.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 68,518 shares of the financial services provider's stock worth $1,216,000 after acquiring an additional 3,675 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Alexander & Baldwin by 4.3% during the fourth quarter. Russell Investments Group Ltd. now owns 40,409 shares of the financial services provider's stock worth $717,000 after purchasing an additional 1,664 shares in the last quarter. Bank of Montreal Can lifted 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 valued at $490,000 after purchasing an additional 615 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in 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 purchasing an additional 9,705 shares in the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

Shares of Alexander & Baldwin stock traded up $0.46 during trading hours on Friday, reaching $19.06. 82,649 shares of the company's stock were exchanged, compared to its average volume of 424,121. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.11. The company has a market capitalization of $1.39 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. The business has a fifty day moving average of $18.05 and a two-hundred day moving average of $17.65. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44.

Alexander & Baldwin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's dividend payout ratio is 84.11%.

Alexander & Baldwin 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.