Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 3.1% in the 4th quarter, Holdings Channel reports. The fund owned 228,467 shares of the financial services provider’s stock after acquiring an additional 6,775 shares during the period. Harbor Capital Advisors Inc.’s holdings in Alexander & Baldwin were worth $4,053,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in Alexander & Baldwin by 19.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 572 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Alexander & Baldwin by 5.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,732 shares of the financial services provider’s stock worth $264,000 after buying an additional 683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Alexander & Baldwin by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock valued at $54,000 after buying an additional 727 shares during the period. GAMMA Investing LLC boosted its stake in shares of Alexander & Baldwin by 103.3% in the third quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock valued at $29,000 after buying an additional 759 shares in the last quarter. Finally, CKW Financial Group grew its holdings in Alexander & Baldwin by 5.8% during the third quarter. CKW Financial Group now owns 16,785 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 924 shares during the period. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Trading Down 1.5 %

NYSE:ALEX opened at $17.05 on Friday. Alexander & Baldwin, Inc. has a 52-week low of $15.53 and a 52-week 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. The stock has a fifty day simple moving average of $18.75 and a 200-day simple moving average of $18.70. The company has a market capitalization of $1.24 billion, a PE ratio of 27.50 and a beta of 1.29.

Alexander & Baldwin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Friday, December 20th. Alexander & Baldwin’s payout ratio is currently 145.16%.

Analysts Set New Price Targets

A number of equities research analysts have commented on ALEX shares. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. StockNews.com upgraded shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

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.