Cramer Rosenthal Mcglynn LLC bought a new stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 468,465 shares of the financial services provider’s stock, valued at approximately $21,704,000. Cramer Rosenthal Mcglynn LLC owned 0.95% of Alexander & Baldwin as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALEX. Brandes Investment Partners LP boosted its stake in Alexander & Baldwin by 32.6% in the third quarter. Brandes Investment Partners LP now owns 53,018 shares of the financial services provider’s stock valued at $2,456,000 after acquiring an additional 13,034 shares in the last quarter. Moody Aldrich Partners LLC grew its position in shares of Alexander & Baldwin by 14.8% in the third quarter. Moody Aldrich Partners LLC now owns 16,842 shares of the financial services provider’s stock valued at $780,000 after purchasing an additional 2,167 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Alexander & Baldwin by 5.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 217,502 shares of the financial services provider’s stock valued at $10,077,000 after purchasing an additional 11,107 shares during the last quarter. Wells Fargo & Company MN boosted its position in Alexander & Baldwin by 7.8% during the third quarter. Wells Fargo & Company MN now owns 205,260 shares of the financial services provider’s stock worth $9,510,000 after acquiring an additional 14,940 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Alexander & Baldwin by 10.0% during the third quarter. Legal & General Group Plc now owns 39,357 shares of the financial services provider’s stock worth $1,824,000 after acquiring an additional 3,582 shares during the last quarter. 77.88% of the stock is currently owned by institutional investors.

Shares of Alexander & Baldwin Holdings, Inc. (NYSE ALEX) opened at $29.82 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.51. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $28.51 and a fifty-two week high of $46.96. The company has a market cap of $1,467.42, a P/E ratio of 30.45 and a beta of 1.45.

The company also recently announced a special dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Wednesday, November 29th will be given a $15.92 dividend. This is an increase from Alexander & Baldwin’s previous special dividend of $0.04. The ex-dividend date is Tuesday, November 28th. Alexander & Baldwin’s dividend payout ratio (DPR) is 75.68%.

In related news, Director Stanley M. Kuriyama sold 4,250 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $46.67, for a total transaction of $198,347.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 7.60% of the company’s stock.

A number of equities analysts have weighed in on ALEX shares. BidaskClub raised shares of Alexander & Baldwin from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. TheStreet lowered shares of Alexander & Baldwin from a “b-” rating to a “c” rating in a report on Tuesday, November 28th.

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Alexander & Baldwin 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.

Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

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