2,192 Shares in Matson, Inc. (NYSE:MATX) Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC acquired a new stake in shares of Matson, Inc. (NYSE:MATX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,192 shares of the shipping company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MATX. American Century Companies Inc. raised its stake in shares of Matson by 11.2% in the 3rd quarter. American Century Companies Inc. now owns 653,613 shares of the shipping company’s stock valued at $57,989,000 after purchasing an additional 65,736 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Matson by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,500 shares of the shipping company’s stock valued at $31,540,000 after buying an additional 13,591 shares during the last quarter. London Co. of Virginia raised its stake in Matson by 1.5% during the third quarter. London Co. of Virginia now owns 303,948 shares of the shipping company’s stock valued at $26,966,000 after buying an additional 4,455 shares in the last quarter. Invesco Ltd. lifted its holdings in Matson by 12.6% during the 3rd quarter. Invesco Ltd. now owns 285,314 shares of the shipping company’s stock worth $25,313,000 after buying an additional 31,833 shares during the last quarter. Finally, LSV Asset Management grew 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 in the last quarter. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $107.83, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.32% of the stock is owned by insiders.

Matson Stock Performance

Shares of NYSE:MATX traded up $4.25 during trading on Friday, hitting $113.36. 364,375 shares of the company traded hands, compared to its average volume of 225,528. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 13.37 and a beta of 1.12. Matson, Inc. has a one year low of $62.71 and a one year high of $122.99. The company has a quick ratio of 1.07, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $108.73 and its 200-day moving average is $106.08.

Matson (NYSE:MATX) last issued its earnings results on Tuesday, April 30th. The shipping company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.05. Matson had a return on equity of 12.66% and a net margin of 9.61%. The firm had revenue of $722.10 million for the quarter, compared to analyst estimates of $730.44 million. During the same period last year, the company earned $0.94 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Matson, Inc. will post 8.51 earnings per share for the current fiscal year.

Matson Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MATX shares. StockNews.com raised Matson from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a report on Wednesday.

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.