State Street Corp Has $55,355,000 Stake in Alexander & Baldwin (ALEX)

State Street Corp increased its position in Alexander & Baldwin (NYSE:ALEX) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,509,108 shares of the company’s stock after buying an additional 28,786 shares during the period. State Street Corp owned 3.09% of Alexander & Baldwin worth $55,355,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Arrowpoint Asset Management LLC increased its position in shares of Alexander & Baldwin by 14.2% in the fourth quarter. Arrowpoint Asset Management LLC now owns 431,677 shares of the company’s stock worth $15,243,000 after buying an additional 53,739 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Alexander & Baldwin during the fourth quarter worth about $4,150,000. Schneider Capital Management Corp bought a new position in shares of Alexander & Baldwin during the fourth quarter worth about $4,645,000. Federated Investors Inc. PA increased its position in shares of Alexander & Baldwin by 10.1% in the fourth quarter. Federated Investors Inc. PA now owns 29,343 shares of the company’s stock worth $1,037,000 after buying an additional 2,692 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Alexander & Baldwin by 0.8% in the fourth quarter. Ameriprise Financial Inc. now owns 255,986 shares of the company’s stock worth $9,039,000 after buying an additional 2,003 shares during the period.

Shares of Alexander & Baldwin (NYSE:ALEX) traded down 0.21% during trading on Wednesday, hitting $37.79. The stock had a trading volume of 119,242 shares. The firm has a 50-day moving average price of $36.99 and a 200 day moving average price of $35.29. Alexander & Baldwin has a 52 week low of $28.82 and a 52 week high of $39.36. The company’s market capitalization is $1.85 billion.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.19. The firm earned $102.70 million during the quarter, compared to the consensus estimate of $159.09 million. The business’s quarterly revenue was down 33.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Equities analysts anticipate that Alexander & Baldwin will post $0.91 earnings per share for the current year.

In related news, Chairman Stanley M. Kuriyama sold 4,250 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $38.64, for a total transaction of $164,220.00. Following the completion of the transaction, the chairman now directly owns 242,200 shares in the company, valued at $9,358,608. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David C. Hulihee bought 2,300 shares of Alexander & Baldwin stock in a transaction that occurred on Wednesday, May 25th. The shares were acquired at an average price of $35.76 per share, with a total value of $82,248.00. Following the completion of the transaction, the director now owns 715,029 shares of the company’s stock, valued at $25,569,437.04. The disclosure for this purchase can be found here.

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.