Alexander & Baldwin, Inc. (NYSE:ALEX) Stake Lifted by KBC Group NV

KBC Group NV increased its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 53.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,835 shares of the financial services provider’s stock after purchasing an additional 1,338 shares during the period. KBC Group NV’s holdings in Alexander & Baldwin were worth $74,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Alexander & Baldwin by 42.9% during the first quarter. Janney Montgomery Scott LLC now owns 14,552 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 4,366 shares during the period. ProShare Advisors LLC raised its holdings in shares of Alexander & Baldwin by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 14,626 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 1,001 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Alexander & Baldwin by 56.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 32,437 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 11,730 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Alexander & Baldwin by 0.6% during the first quarter. Vanguard Group Inc. now owns 11,725,230 shares of the financial services provider’s stock worth $193,115,000 after buying an additional 71,797 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in Alexander & Baldwin by 7.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 88,033 shares of the financial services provider’s stock worth $1,449,000 after buying an additional 5,908 shares during the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ALEX shares. Alliance Global Partners assumed coverage on Alexander & Baldwin in a research note on Thursday, August 8th. They set a “buy” rating and a $22.00 price objective for the company. Piper Sandler restated an “overweight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. Finally, StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Alexander & Baldwin Stock Performance

Shares of ALEX opened at $19.34 on Friday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 31.10 and a beta of 1.26. Alexander & Baldwin, Inc. has a 12 month low of $15.53 and a 12 month high of $20.30. The company’s fifty day moving average is $19.09 and its 200-day moving average is $18.25. 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 Company Profile

Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.