UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 499,565 shares of the financial services provider's stock after acquiring an additional 18,312 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.69% of Alexander & Baldwin worth $8,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Alexander & Baldwin by 284.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,239 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Alexander & Baldwin in the fourth quarter valued at $112,000. XTX Topco Ltd acquired a new position in Alexander & Baldwin during the fourth quarter worth $206,000. Aigen Investment Management LP acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at $227,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Alexander & Baldwin by 138.7% in 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 buying an additional 7,653 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Stock Performance

Shares of NYSE ALEX traded up $0.05 during midday trading on Monday, hitting $17.96. 903,449 shares of the company's stock were exchanged, compared to its average volume of 393,829. The company's 50 day moving average price is $17.09 and its 200 day moving average price is $17.75. The firm has a market capitalization of $1.31 billion, a PE ratio of 28.96 and a beta of 0.99. Alexander & Baldwin, Inc. has a 12 month low of $15.70 and a 12 month high of $20.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.15. The business had revenue of $62.45 million during the quarter, compared to the consensus estimate of $49.68 million. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. As a group, analysts predict that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 13th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's payout ratio is 105.88%.

Analysts Set New Price Targets

ALEX has been the topic of a number of recent analyst reports. Wall Street Zen cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th. Piper Sandler lifted their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the company 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.