Check Capital Management Inc. CA Purchases 165 Shares of Matson, Inc. (NYSE:MATX)

Check Capital Management Inc. CA raised its holdings in shares of Matson, Inc. (NYSE:MATX) by 4.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,720 shares of the shipping company’s stock after buying an additional 165 shares during the period. Matson accounts for approximately 0.0% of Check Capital Management Inc. CA’s portfolio, making the stock its 28th largest position. Check Capital Management Inc. CA’s holdings in Matson were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MATX. Goldman Sachs Group Inc. lifted its holdings in shares of Matson by 78.5% in the second quarter. Goldman Sachs Group Inc. now owns 449,441 shares of the shipping company’s stock worth $34,935,000 after buying an additional 197,658 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Matson in the 3rd quarter valued at $14,074,000. Vanguard Group Inc. lifted its stake in Matson by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 4,655,892 shares of the shipping company’s stock worth $561,594,000 after purchasing an additional 153,723 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Matson by 313.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 193,400 shares of the shipping company’s stock valued at $2,652,000 after purchasing an additional 146,589 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Matson by 567.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 144,987 shares of the shipping company’s stock valued at $9,064,000 after purchasing an additional 123,272 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

Matson Price Performance

Shares of NYSE:MATX traded up $1.55 on Friday, reaching $106.19. The company’s stock had a trading volume of 202,059 shares, compared to its average volume of 266,696. The company has a 50-day simple moving average of $110.82 and a 200 day simple moving average of $104.49. Matson, Inc. has a 52-week low of $61.51 and a 52-week high of $122.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $3.66 billion, a P/E ratio of 12.48 and a beta of 1.12.

Matson (NYSE:MATX) last released its quarterly earnings results on Tuesday, February 20th. The shipping company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.75 by $0.03. Matson had a return on equity of 12.71% and a net margin of 9.60%. The company had revenue of $788.90 million during the quarter, compared to analyst estimates of $733.60 million. During the same quarter last year, the business posted $2.10 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Matson, Inc. will post 8.2 EPS for the current fiscal year.

Matson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 8th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, February 7th. Matson’s dividend payout ratio is currently 15.27%.

Insider Activity at Matson

In other news, SVP Christopher A. Scott sold 1,171 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the sale, the senior vice president now owns 12,958 shares of the company’s stock, valued at $1,397,261.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MATX has been the topic of a number of research analyst reports. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Stifel Nicolaus lifted their price objective on Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a research note on Wednesday, February 21st.

About Matson

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.