UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 18,312 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 499,565 shares of the financial services provider’s stock after buying an additional 18,312 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.69% of Alexander & Baldwin worth $8,862,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Alexander & Baldwin by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider’s stock worth $35,723,000 after purchasing an additional 43,333 shares during the period. Northern Trust Corp increased its position in shares of Alexander & Baldwin by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider’s stock worth $18,110,000 after purchasing an additional 194,534 shares during the period. JPMorgan Chase & Co. increased its position in shares of Alexander & Baldwin by 51.0% in 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 position in shares of Alexander & Baldwin by 0.5% in 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, Invesco Ltd. increased its position in shares of Alexander & Baldwin by 2.2% in the fourth quarter. Invesco Ltd. now owns 457,377 shares of the financial services provider’s stock worth $8,114,000 after purchasing an additional 9,705 shares during the period. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Performance

Alexander & Baldwin stock opened at $17.93 on Friday. 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. The business’s 50-day moving average price is $17.09 and its two-hundred day moving average price is $17.75. The stock has a market cap of $1.30 billion, a PE ratio of 28.92 and a beta of 0.99.

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

Alexander & Baldwin Dividend Announcement

The firm 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. This represents a $0.90 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin’s dividend payout ratio is presently 105.88%.

Wall Street Analyst Weigh In

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 research report on Sunday, March 16th. Piper Sandler raised their price target on 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 Company 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.