Matson, Inc. (NYSE:MATX) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its position in shares of Matson, Inc. (NYSE:MATX) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,654 shares of the shipping company’s stock after buying an additional 184 shares during the quarter. Xponance Inc.’s holdings in Matson were worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MATX. Pacer Advisors Inc. grew its position in shares of Matson by 9.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company’s stock valued at $141,551,000 after acquiring an additional 91,172 shares during the period. Wedge Capital Management L L P NC acquired a new stake in Matson in the fourth quarter valued at approximately $9,788,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Matson in the third quarter valued at approximately $6,735,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Matson during the 3rd quarter worth approximately $5,746,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Matson during the 4th quarter valued at approximately $4,328,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MATX. Stifel Nicolaus upped their price objective on shares of Matson from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Stephens upped their price target on shares of Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th.

Matson Trading Up 0.7 %

Shares of MATX stock opened at $133.07 on Thursday. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $137.38 and its two-hundred day moving average is $141.03. The firm has a market capitalization of $4.37 billion, a P/E ratio of 11.07 and a beta of 1.05.

Matson (NYSE:MATX) last posted its quarterly 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 firm had revenue of $890.30 million for the quarter, compared to the consensus estimate of $851.78 million. Research analysts expect that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were issued a $0.34 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.02%. Matson’s dividend payout ratio is presently 9.69%.

Insider Buying and Selling

In related news, SVP Richard S. Kinney sold 1,997 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $137.11, for a total transaction of $273,808.67. Following the completion of the sale, the senior vice president now directly owns 8,425 shares in the company, valued at approximately $1,155,151.75. This trade represents a 19.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John P. Lauer sold 7,985 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.73, for a total transaction of $1,075,819.05. Following the completion of the transaction, the executive vice president now owns 25,192 shares in the company, valued at $3,394,118.16. The trade was a 24.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by company insiders.

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.