Reinhart Partners LLC. Trims Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Reinhart Partners LLC. cut its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,469,815 shares of the financial services provider’s stock after selling 84,097 shares during the period. Alexander & Baldwin makes up 1.7% of Reinhart Partners LLC.’s holdings, making the stock its 25th biggest holding. Reinhart Partners LLC.’s holdings in Alexander & Baldwin were worth $43,815,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ALEX. GAMMA Investing LLC grew its holdings 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 purchasing an additional 759 shares in the last quarter. Versant Capital Management Inc grew its holdings in Alexander & Baldwin by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,034 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 727 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Alexander & Baldwin by 19.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 572 shares in the last quarter. Finally, KBC Group NV grew its holdings in Alexander & Baldwin by 53.6% during the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,338 shares in the last quarter. 91.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALEX has been the subject of several analyst reports. JMP Securities reiterated 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 report on Monday, November 25th. Finally, Piper Sandler reiterated an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Alexander & Baldwin Stock Down 0.1 %

Shares of NYSE:ALEX traded down $0.02 during trading on Monday, hitting $17.02. 119,421 shares of the company were exchanged, compared to its average volume of 257,919. The stock has a market capitalization of $1.24 billion, a P/E ratio of 27.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. Alexander & Baldwin, Inc. has a 12-month low of $15.53 and a 12-month high of $20.30. The firm’s 50 day moving average price is $18.72 and its 200-day moving average price is $18.73.

Alexander & Baldwin Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 annualized dividend and a dividend yield of 5.23%. Alexander & Baldwin’s dividend payout ratio is presently 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.