BidaskClub upgraded shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) from a hold rating to a buy rating in a research note published on Tuesday morning.

Shares of Alexander & Baldwin Holdings (NYSE ALEX) opened at 45.15 on Tuesday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 229.19 and a beta of 1.44. The stock has a 50 day moving average of $43.01 and a 200-day moving average of $42.98. Alexander & Baldwin Holdings has a 1-year low of $36.98 and a 1-year high of $46.87.

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The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 7th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Thursday, August 3rd. Alexander & Baldwin Holdings’s dividend payout ratio (DPR) is currently 133.33%.

In related news, Director Stanley M. Kuriyama sold 4,250 shares of Alexander & Baldwin Holdings stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $43.45, for a total value of $184,662.50. Following the sale, the director now owns 255,883 shares in the company, valued at $11,118,116.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 12,750 shares of company stock worth $547,825. 7.60% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP boosted its holdings in Alexander & Baldwin Holdings by 55.2% in the second quarter. Brandes Investment Partners LP now owns 39,984 shares of the financial services provider’s stock valued at $1,655,000 after acquiring an additional 14,223 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Alexander & Baldwin Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,686,330 shares of the financial services provider’s stock valued at $164,116,000 after acquiring an additional 183,477 shares in the last quarter. IronBridge Capital Management LP boosted its holdings in Alexander & Baldwin Holdings by 534.9% in the first quarter. IronBridge Capital Management LP now owns 205,130 shares of the financial services provider’s stock valued at $9,132,000 after acquiring an additional 172,820 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Alexander & Baldwin Holdings by 21.3% in the first quarter. Prudential Financial Inc. now owns 35,178 shares of the financial services provider’s stock valued at $1,566,000 after acquiring an additional 6,170 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its holdings in Alexander & Baldwin Holdings by 3.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 20,777 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 599 shares in the last quarter. Institutional investors and hedge funds own 74.60% of the company’s stock.

Alexander & Baldwin Holdings Company Profile

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

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