Matson, Inc. (NYSE:MATX) Shares Bought by Boston Partners

Boston Partners raised its stake in shares of Matson, Inc. (NYSE:MATX) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,570 shares of the shipping company’s stock after purchasing an additional 8,704 shares during the period. Boston Partners owned 0.55% of Matson worth $24,707,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MATX. JPMorgan Chase & Co. boosted its holdings in shares of Matson by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company’s stock worth $40,927,000 after purchasing an additional 26,366 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Matson by 43.5% during the 3rd quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company’s stock valued at $2,051,000 after acquiring an additional 4,361 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Matson by 7.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company’s stock valued at $1,437,000 after purchasing an additional 703 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Matson in the third quarter worth approximately $512,000. Finally, One Wealth Advisors LLC purchased a new position in shares of Matson during the 4th quarter worth $258,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Transactions at Matson

In other news, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $137.11, for a total transaction of $273,808.67. Following the completion of the sale, the senior vice president now directly owns 8,425 shares in the company, valued at approximately $1,155,151.75. This trade represents a 19.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.73, for a total value of $1,075,819.05. Following the transaction, the executive vice president now directly owns 25,192 shares of the company’s stock, valued at approximately $3,394,118.16. This represents a 24.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

MATX has been the subject of a number of recent analyst reports. Stephens lifted their price target on shares of Matson from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their target price on shares of Matson from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, February 26th.

Matson Stock Up 1.3 %

MATX stock opened at $130.02 on Friday. The stock has a market cap of $4.27 billion, a P/E ratio of 10.82 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Matson, Inc. has a twelve month low of $100.50 and a twelve month high of $169.12. The company’s 50 day moving average is $138.05 and its two-hundred day moving average is $141.01.

Matson (NYSE:MATX) last announced its earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.60. The firm had revenue of $890.30 million during the quarter, compared to analysts’ expectations of $851.78 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. Research analysts expect that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 1.05%. Matson’s payout ratio is currently 9.69%.

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.