Vanguard Personalized Indexing Management LLC Acquires 160 Shares of Matson, Inc. (NYSE:MATX)

Vanguard Personalized Indexing Management LLC boosted its holdings in Matson, Inc. (NYSE:MATX) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,236 shares of the shipping company’s stock after purchasing an additional 160 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Matson were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MATX. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Matson by 6.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,649 shares of the shipping company’s stock worth $324,000 after acquiring an additional 213 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Matson in the third quarter valued at $665,000. LSV Asset Management lifted its stake in shares of Matson by 8.8% during the 3rd quarter. LSV Asset Management now owns 43,500 shares of the shipping company’s stock worth $3,859,000 after buying an additional 3,500 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in Matson by 8.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 19,537 shares of the shipping company’s stock valued at $1,733,000 after buying an additional 1,538 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Matson in the 3rd quarter valued at about $692,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Matson from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus lifted their price objective on Matson from $109.00 to $111.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Finally, Stephens reissued an “overweight” rating and set a $135.00 target price on shares of Matson in a report on Friday.

Matson Trading Up 1.3 %

NYSE MATX opened at $120.66 on Friday. The business has a 50 day simple moving average of $110.89 and a 200 day simple moving average of $108.73. Matson, Inc. has a one year low of $67.97 and a one year high of $122.99. The stock has a market capitalization of $4.22 billion, a P/E ratio of 14.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.97.

Matson (NYSE:MATX) last announced its earnings results on Tuesday, April 30th. The shipping company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $722.10 million for the quarter, compared to analysts’ expectations of $730.44 million. Matson had a return on equity of 12.66% and a net margin of 9.61%. Matson’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Research analysts expect that Matson, Inc. will post 8.74 earnings per share for the current year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. Matson’s payout ratio is currently 15.09%.

Insider Activity at Matson

In other news, SVP John Warren Sullivan sold 893 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $110.60, for a total transaction of $98,765.80. Following the sale, the senior vice president now directly owns 13,495 shares in the company, valued at $1,492,547. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP John Warren Sullivan sold 893 shares of Matson stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $110.60, for a total transaction of $98,765.80. Following the completion of the sale, the senior vice president now directly owns 13,495 shares of the company’s stock, valued at approximately $1,492,547. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard S. Kinney sold 1,792 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $115.11, for a total transaction of $206,277.12. Following the completion of the transaction, the senior vice president now owns 9,588 shares of the company’s stock, valued at $1,103,674.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,656 shares of company stock worth $746,256. Company insiders own 2.32% of the company’s stock.

Matson Company 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.