Today: Today: Whittier Trust Co. Maintains Position in Alexander & Baldwin (ALEX)

Today: Whittier Trust Co. Maintains Position in Alexander & Baldwin (ALEX)

Whittier Trust Co. continued to hold its position in Alexander & Baldwin (NYSE:ALEX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Alexander & Baldwin were worth $145,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC raised its position in Alexander & Baldwin by 2.3% in the second quarter. Baker Ellis Asset Management LLC now owns 17,587 shares of the company’s stock valued at $636,000 after buying an additional 400 shares during the last quarter. First Midwest Bank Trust Division raised its position in Alexander & Baldwin by 46.7% in the second quarter. First Midwest Bank Trust Division now owns 9,413 shares of the company’s stock valued at $340,000 after buying an additional 2,996 shares during the last quarter. Moody Aldrich Partners LLC raised its position in Alexander & Baldwin by 166.1% in the second quarter. Moody Aldrich Partners LLC now owns 28,790 shares of the company’s stock valued at $1,040,000 after buying an additional 17,970 shares during the last quarter. Bank of Montreal Can purchased a new position in Alexander & Baldwin during the second quarter valued at about $112,000. Finally, New York State Teachers Retirement System raised its position in shares of Alexander & Baldwin by 3.7% in the second quarter. New York State Teachers Retirement System now owns 70,652 shares of the company’s stock valued at $2,553,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 77.00% of the company’s stock.

Alexander & Baldwin (NYSE:ALEX) traded down 0.51% during mid-day trading on Friday, reaching $37.38. 65,033 shares of the company’s stock traded hands. The company’s market cap is $1.83 billion. Alexander & Baldwin has a 12-month low of $28.82 and a 12-month high of $42.80. The stock has a 50 day moving average of $38.62 and a 200 day moving average of $37.96.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.19. Alexander & Baldwin had a negative net margin of 2.87% and a positive return on equity of 3.17%. The company earned $102.70 million during the quarter, compared to the consensus estimate of $159.09 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 33.2% on a year-over-year basis. On average, equities research analysts predict that Alexander & Baldwin will post $0.97 earnings per share for the current fiscal year.

Separately, JMP Securities lowered shares of Alexander & Baldwin from an “outperform” rating to a “market perform” rating and set a $44.00 price objective on the stock. in a report on Friday, August 26th. They noted that the move was a valuation call.

In other news, insider Stanley M. Kuriyama sold 4,250 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $38.35, for a total value of $162,987.50. Following the sale, the insider now directly owns 237,986 shares in the company, valued at approximately $9,126,763.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.70% of the stock is owned by insiders.

About Alexander & Baldwin

Alexander & Baldwin, Inc (A&B) is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Company operates in four segments: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. Real estate activities are conducted through A&B Properties, Inc and other subsidiaries of A&B.

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