TruNorth Capital Management LLC Decreases Stock Holdings in Matson, Inc. (NYSE:MATX)

TruNorth Capital Management LLC lessened its stake in shares of Matson, Inc. (NYSE:MATX) by 40.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 252 shares of the shipping company’s stock after selling 170 shares during the quarter. TruNorth Capital Management LLC’s holdings in Matson were worth $34,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in Matson in the fourth quarter worth approximately $40,000. Harbor Capital Advisors Inc. purchased a new position in shares of Matson in the 3rd quarter worth $50,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Matson in the third quarter worth $92,000. Rothschild Investment LLC increased its position in 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 acquiring an additional 253 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Matson by 1,661.3% in the third quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock valued at $156,000 after acquiring an additional 1,030 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Matson Stock Up 0.6 %

MATX opened at $143.74 on Tuesday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 11.96 and a beta of 1.05. 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 firm’s fifty day moving average is $139.46 and its 200 day moving average is $141.01. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, February 6th. Matson’s dividend payout ratio is currently 11.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MATX. Wolfe Research lowered shares of Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th. Stephens reiterated an “overweight” rating and set a $165.00 target price on shares of Matson in a research report on Thursday, January 2nd.

Matson 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.