Insider Selling: Alexander & Baldwin Director Sells 2,755 Shares of Stock (ALEX)
Alexander & Baldwin (NASDAQ:ALEX) Director W Allen Doane, Jr. unloaded 2,755 shares of Alexander & Baldwin stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $42.12, for a total transaction of $116,040.60. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Wells Fargo & Co. upgraded shares of Alexander & Baldwin from an “underperform” rating to a “market perform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.00.
Alexander & Baldwin (NASDAQ:ALEX) traded down 1.25% on Thursday, hitting $40.28. 117,379 shares of the company’s stock traded hands. Alexander & Baldwin has a one year low of $34.32 and a one year high of $46.23. The stock’s 50-day moving average is $38.61 and its 200-day moving average is $39.93. The company has a market cap of $1.963 billion and a price-to-earnings ratio of 29.18.
Alexander & Baldwin (NASDAQ:ALEX) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.39. Analysts expect that Alexander & Baldwin will post $1.01 EPS for the current fiscal year.
Matson, Inc (NASDAQ:ALEX) is a United States carrier in the Pacific.
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