UBS Group AG Has $7.21 Million Stock Position in Matson, Inc. (NYSE:MATX)

UBS Group AG boosted its holdings in shares of Matson, Inc. (NYSE:MATX – Get Rating) by 160.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,301 shares of the shipping company’s stock after buying an additional 71,065 shares during the period. UBS Group AG owned approximately 0.31% of Matson worth $7,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of MATX. Renaissance Technologies LLC raised its position in Matson by 754.4% during the third quarter. Renaissance Technologies LLC now owns 222,994 shares of the shipping company’s stock valued at $13,719,000 after buying an additional 196,894 shares during the period. Pacer Advisors Inc. grew its stake in Matson by 62.7% in the fourth quarter. Pacer Advisors Inc. now owns 471,505 shares of the shipping company’s stock valued at $29,474,000 after purchasing an additional 181,751 shares in the last quarter. Vanguard Group Inc. grew its stake in Matson by 3.4% in the first quarter. Vanguard Group Inc. now owns 4,655,892 shares of the shipping company’s stock valued at $561,594,000 after purchasing an additional 153,723 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Matson by 109.9% in the first quarter. Goldman Sachs Group Inc. now owns 285,393 shares of the shipping company’s stock valued at $34,424,000 after purchasing an additional 149,444 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in Matson by 79.5% in the third quarter. Allianz Asset Management GmbH now owns 294,272 shares of the shipping company’s stock valued at $18,103,000 after purchasing an additional 130,335 shares in the last quarter. 83.55% of the stock is owned by institutional investors and hedge funds.

Matson Stock Performance

MATX opened at $70.43 on Thursday. The company has a market cap of $2.53 billion, a PE ratio of 3.63 and a beta of 1.16. The stock has a 50-day moving average of $63.64 and a 200-day moving average of $64.34. Matson, Inc. has a 52-week low of $56.51 and a 52-week high of $95.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.06.

Matson (NYSE:MATX – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The shipping company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.05. The company had revenue of $704.80 million during the quarter, compared to the consensus estimate of $704.34 million. Matson had a return on equity of 33.72% and a net margin of 19.54%. The firm’s revenue was down 39.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.23 EPS. As a group, equities research analysts forecast that Matson, Inc. will post 4.37 earnings per share for the current fiscal year.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, May 10th. This represents a $1.24 annualized dividend and a yield of 1.76%. Matson’s payout ratio is 6.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com assumed coverage on Matson in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Stephens lowered their target price on Matson from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 22nd. Finally, Stifel Nicolaus decreased their price target on Matson from $73.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, April 20th.

Insider Activity at Matson

In related news, VP Kevin L. Stuck sold 2,760 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $67.48, for a total transaction of $186,244.80. Following the completion of the sale, the vice president now owns 4,568 shares in the company, valued at approximately $308,248.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Matson news, CEO Matthew J. Cox sold 6,181 shares of the company’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $60.43, for a total value of $373,517.83. Following the completion of the transaction, the chief executive officer now owns 280,086 shares of the company’s stock, valued at approximately $16,925,596.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kevin L. Stuck sold 2,760 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $67.48, for a total value of $186,244.80. Following the completion of the transaction, the vice president now directly owns 4,568 shares of the company’s stock, valued at approximately $308,248.64. The disclosure for this sale can be found here. Insiders sold a total of 26,941 shares of company stock worth $1,764,803 in the last 90 days. 1.90% of the stock is owned by company insiders.

Matson Company Profile

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Matson, Inc is a holding company, which engages in the provision of logistics and transportation services. It operates through the Ocean Transportation and Logistics segments. The Ocean Transportation segment offers ocean freight transportation, container stevedoring, refrigerated cargo services, inland transportation, and other terminal services.