Matson, Inc. (NYSE:MATX) Stock Position Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in Matson, Inc. (NYSE:MATX) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,983 shares of the shipping company’s stock after selling 217 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Matson worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in Matson in the 4th quarter valued at approximately $40,000. Harbor Capital Advisors Inc. bought a new position in shares of Matson in the third quarter worth $50,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Matson during the third quarter valued at $92,000. Rothschild Investment LLC raised its stake in shares of Matson by 31.4% during the fourth quarter. Rothschild Investment LLC now owns 1,059 shares of the shipping company’s stock valued at $143,000 after purchasing an additional 253 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Matson by 1,661.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock worth $156,000 after buying an additional 1,030 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MATX shares. Stifel Nicolaus upped their price objective on Matson from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Finally, Stephens lifted their price objective on shares of Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday.

Matson Trading Down 2.2 %

NYSE:MATX opened at $140.55 on Friday. The stock has a fifty day simple moving average of $139.52 and a 200 day simple moving average of $141.11. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 11.69 and a beta of 1.05. Matson, Inc. has a 1-year low of $100.50 and a 1-year high of $169.12.

Matson (NYSE:MATX) last released its earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. The business had revenue of $890.30 million for the quarter, compared to the consensus estimate of $851.78 million. Sell-side analysts forecast that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, February 6th. Matson’s dividend payout ratio (DPR) is currently 11.31%.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.