Measured Wealth Private Client Group LLC Buys New Shares in Matson, Inc. (NYSE:MATX)

Measured Wealth Private Client Group LLC purchased a new position in Matson, Inc. (NYSE:MATX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,192 shares of the shipping company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LSV Asset Management lifted its position in shares of Matson by 450.4% in the 4th quarter. LSV Asset Management now owns 239,439 shares of the shipping company’s stock worth $26,243,000 after acquiring an additional 195,939 shares during the period. Summit Global Investments lifted its position in Matson by 9.3% in the fourth quarter. Summit Global Investments now owns 14,354 shares of the shipping company’s stock worth $1,573,000 after purchasing an additional 1,216 shares during the period. Natixis Advisors L.P. acquired a new stake in Matson during the fourth quarter worth $1,663,000. Andina Capital Management LLC bought a new stake in Matson in the 4th quarter valued at $383,000. Finally, SummerHaven Investment Management LLC raised its stake in shares of Matson by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 9,379 shares of the shipping company’s stock valued at $1,028,000 after buying an additional 108 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Insiders Place Their Bets

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

Matson Price Performance

Shares of NYSE MATX traded up $4.25 during trading on Friday, reaching $113.36. The company had a trading volume of 364,375 shares, compared to its average volume of 225,528. Matson, Inc. has a 52 week low of $62.71 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 0.97. The business’s 50 day moving average price is $108.73 and its 200-day moving average price is $106.08. The stock has a market cap of $3.87 billion, a PE ratio of 13.37 and a beta of 1.12.

Matson (NYSE:MATX) last posted its quarterly earnings data on Tuesday, April 30th. The shipping company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.05. The firm had revenue of $722.10 million for the quarter, compared to the consensus estimate of $730.44 million. Matson had a return on equity of 12.66% and a net margin of 9.61%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. Analysts expect that Matson, Inc. will post 8.51 earnings per share for the current year.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 9th will be given a $0.32 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.13%. Matson’s payout ratio is 15.09%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a report on Wednesday. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a report on Wednesday.

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.