Amalgamated Bank Has $412,000 Stock Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Amalgamated Bank decreased its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,480 shares of the financial services provider’s stock after selling 630 shares during the period. Amalgamated Bank’s holdings in Alexander & Baldwin were worth $412,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Clearbridge Investments LLC grew its holdings in Alexander & Baldwin by 24.4% in the 1st quarter. Clearbridge Investments LLC now owns 623,284 shares of the financial services provider’s stock valued at $10,265,000 after buying an additional 122,286 shares in the last quarter. Wakefield Asset Management LLLP acquired a new position in shares of Alexander & Baldwin in the second quarter valued at about $948,000. Harbor Capital Advisors Inc. increased its position in Alexander & Baldwin by 101.0% during the third quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock worth $4,256,000 after acquiring an additional 111,392 shares during the period. Reinhart Partners LLC. increased its position in Alexander & Baldwin by 2.9% during the third quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock worth $49,035,000 after acquiring an additional 72,240 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Alexander & Baldwin by 18.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,859 shares of the financial services provider’s stock worth $772,000 after purchasing an additional 7,383 shares in the last quarter. 91.29% of the stock is owned by institutional investors.

Alexander & Baldwin Stock Performance

Shares of NYSE:ALEX opened at $19.30 on Friday. Alexander & Baldwin, Inc. has a 1 year low of $15.53 and a 1 year high of $20.30. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 31.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company’s 50 day simple moving average is $19.09 and its 200 day simple moving average is $18.18.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALEX shares. Alliance Global Partners assumed coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They issued a “buy” rating and a $22.00 price target 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 research note on Friday, October 25th. Finally, StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Alexander & Baldwin presently has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Alexander & Baldwin 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.