3 days Ago By ABMN Staff
Johnson Investment Counsel Inc. acquired a new stake in Matson, Inc. ( NYSE:MATX – Free Report ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm acquired 1,690 shares of the shipping company’s stock, valued at approximately $221,000. Several other hedge funds have also recently bought and sold shares of the company. Astoria Portfolio Advisors LLC.
lifted its position in Matson by 5.8% in the 1st quarter. Astoria Portfolio Advisors LLC.
now owns 2,089 shares of the shipping company’s stock valued at $229,000 after purchasing an additional 114 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Matson by 1.3% in the 2nd quarter.
SummerHaven Investment Management LLC now owns 9,585 shares of the shipping company’s stock valued at $1,255,000 after purchasing an additional 124 shares during the last quarter. AlphaMark Advisors LLC lifted its position in Matson by 4.7% in the 2nd quarter.
AlphaMark Advisors LLC now owns 2,909 shares of the shipping company’s stock valued at $381,000 after purchasing an additional 131 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its position in Matson by 6.4% in the 1st quarter.
Measured Wealth Private Client Group LLC now owns 2,332 shares of the shipping company’s stock valued at $262,000 after purchasing an additional 140 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Matson by 3.9% in the 4th quarter.
Vanguard Personalized Indexing Management LLC now owns 4,236 shares of the shipping company’s stock valued at $464,000 after purchasing an additional 160 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In MATX has been the topic of a number of recent analyst reports. Stephens boosted their price target on shares of Matson from $155.00 to $160.
00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com downgraded shares of Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th.
Matson Stock Up 2.6 % MATX stock opened at $132.63 on Monday.
The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.
15. The firm’s 50-day moving average is $130.47 and its two-hundred day moving average is $120.
49. Matson, Inc. has a 52 week low of $82.
68 and a 52 week high of $138.84. The company has a market capitalization of $4.
45 billion, a price-to-earnings ratio of 15.64 and a beta of 1.07.
Matson ( NYSE:MATX – Get Free Report ) last released its earnings results on Thursday, August 1st. The shipping company reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.
05 by $0.26. Matson had a net margin of 10.
41% and a return on equity of 13.87%. The business had revenue of $847.
40 million for the quarter, compared to the consensus estimate of $861.68 million. On average, analysts forecast that Matson, Inc.
will post 11.45 earnings per share for the current fiscal year. Matson Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th.
Investors of record on Thursday, August 1st were issued a $0.34 dividend. This is an increase from Matson’s previous quarterly dividend of $0.
32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.
03%. The ex-dividend date was Thursday, August 1st. Matson’s payout ratio is presently 16.
04%. Insider Buying and Selling In related news, SVP Jason Lee Taylor sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $135.
73, for a total value of $135,730.00. Following the sale, the senior vice president now directly owns 9,392 shares in the company, valued at approximately $1,274,776.
16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In other news, CEO Matthew J.
Cox sold 7,500 shares of Matson stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $137.17, for a total value of $1,028,775.
00. Following the transaction, the chief executive officer now directly owns 215,397 shares of the company’s stock, valued at $29,546,006.49.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, SVP Jason Lee Taylor sold 1,000 shares of Matson stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $135.
73, for a total transaction of $135,730.00. Following the completion of the transaction, the senior vice president now directly owns 9,392 shares in the company, valued at $1,274,776.
16. The disclosure for this sale can be found here . Insiders have sold 104,376 shares of company stock worth $13,565,120 in the last ninety days.
2.32% of the stock is currently owned by corporate insiders. Matson Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding MATX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Matson, Inc. ( NYSE:MATX – Free Report ). Receive News & Ratings for Matson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matson and related companies with MarketBeat.
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