Amundi Has $1.27 Million Stake in Alexander & Baldwin, Inc. (NYSE:ALEX)

Amundi increased its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 43.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,365 shares of the financial services provider’s stock after buying an additional 22,287 shares during the quarter. Amundi owned about 0.10% of Alexander & Baldwin worth $1,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ALEX. Smartleaf Asset Management LLC lifted its position in shares of Alexander & Baldwin by 284.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,239 shares during the period. Versant Capital Management Inc raised its stake in Alexander & Baldwin by 90.0% in the fourth quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,034 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake 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 in the last quarter. KBC Group NV lifted its position in Alexander & Baldwin by 53.6% during the third quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,338 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in Alexander & Baldwin during the third quarter worth about $79,000. Institutional investors own 91.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ALEX shares. Piper Sandler upped their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. StockNews.com cut Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th.

Alexander & Baldwin Price Performance

ALEX stock opened at $17.47 on Wednesday. The company has a market capitalization of $1.27 billion, a P/E ratio of 28.17 and a beta of 1.27. The company has a fifty day moving average price of $17.75 and a 200-day moving average price of $18.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a 52-week low of $15.53 and a 52-week high of $20.30.

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

Alexander & Baldwin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be issued a $0.225 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 5.15%. Alexander & Baldwin’s dividend payout ratio is presently 107.14%.

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.