SG Americas Securities LLC Cuts Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

SG Americas Securities LLC reduced its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 26.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,656 shares of the financial services provider’s stock after selling 6,347 shares during the quarter. SG Americas Securities LLC’s holdings in Alexander & Baldwin were worth $313,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ALEX. Harbor Capital Advisors Inc. raised its stake in shares of Alexander & Baldwin by 3.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 228,467 shares of the financial services provider’s stock valued at $4,053,000 after acquiring an additional 6,775 shares during the period. Versant Capital Management Inc increased its holdings in Alexander & Baldwin by 90.0% in the 4th 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. JPMorgan Chase & Co. raised its position in Alexander & Baldwin by 31.7% in the third quarter. JPMorgan Chase & Co. now owns 582,974 shares of the financial services provider’s stock valued at $11,193,000 after purchasing an additional 140,207 shares during the period. Tidal Investments LLC lifted its stake in shares of Alexander & Baldwin by 29.0% during the third quarter. Tidal Investments LLC now owns 52,195 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 11,719 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Alexander & Baldwin by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock worth $36,032,000 after buying an additional 23,441 shares during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com downgraded Alexander & Baldwin from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $17.92 on Wednesday. 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, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The business has a 50 day moving average price of $18.12 and a two-hundred day moving average price of $18.78. The firm has a market cap of $1.30 billion, a PE ratio of 28.90 and a beta of 1.29.

Alexander & Baldwin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders 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 dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, December 20th. Alexander & Baldwin’s payout ratio is currently 145.16%.

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.