Reinhart Partners LLC. Has $16.50 Million Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Reinhart Partners LLC. trimmed its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 61.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 957,802 shares of the financial services provider's stock after selling 1,512,013 shares during the period. Reinhart Partners LLC. owned about 1.32% of Alexander & Baldwin worth $16,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Alexander & Baldwin by 2.2% during 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 buying an additional 43,333 shares during the last quarter. Northern Trust Corp raised its holdings 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 valued at $18,110,000 after acquiring an additional 194,534 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Alexander & Baldwin by 51.0% during the fourth quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock worth $15,612,000 after purchasing an additional 297,044 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Alexander & Baldwin by 0.5% during the fourth quarter. Clearbridge Investments LLC now owns 614,940 shares of the financial services provider's stock worth $10,909,000 after purchasing an additional 3,210 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Alexander & Baldwin by 3.8% during the fourth 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 worth $8,862,000 after purchasing an additional 18,312 shares during the period. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock traded up $0.15 during mid-day trading on Tuesday, reaching $18.37. The company had a trading volume of 316,240 shares, compared to its average volume of 395,799. Alexander & Baldwin, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.30. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.34 billion, a P/E ratio of 29.62 and a beta of 1.03. The business has a fifty day simple moving average of $17.20 and a 200 day simple moving average of $17.69.

Alexander & Baldwin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a yield of 4.90%. Alexander & Baldwin's dividend payout ratio is currently 105.88%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ALEX shares. Wall Street Zen lowered shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th. Piper Sandler increased their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th.

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.