4 hours Ago By ABMN Staff
Victory Capital Management Inc. lifted its position in Matson, Inc. ( NYSE:MATX – Free Report ) by 13.
1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,630 shares of the shipping company’s stock after buying an additional 5,389 shares during the quarter. Victory Capital Management Inc.
’s holdings in Matson were worth $6,288,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also modified their holdings of the company. Bailard Inc.
increased its holdings in Matson by 59.1% in the 4th quarter. Bailard Inc.
now owns 5,250 shares of the shipping company’s stock valued at $708,000 after buying an additional 1,950 shares during the period. Smartleaf Asset Management LLC increased its holdings in Matson by 339.5% in the 4th quarter.
Smartleaf Asset Management LLC now owns 901 shares of the shipping company’s stock valued at $122,000 after buying an additional 696 shares during the period. U S Global Investors Inc. bought a new stake in Matson in the 4th quarter valued at $111,000.
Versor Investments LP bought a new stake in Matson in the 4th quarter valued at $902,000. Finally, Los Angeles Capital Management LLC increased its holdings in Matson by 9.7% in the 4th quarter.
Los Angeles Capital Management LLC now owns 14,083 shares of the shipping company’s stock valued at $1,899,000 after buying an additional 1,246 shares during the period. 84.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity In other Matson news, EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.
73, for a total transaction of $1,075,819.05. Following the completion of the transaction, the executive vice president now directly owns 25,192 shares of the company’s stock, valued at $3,394,118.
16. The trade was a 24.07 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction on Thursday, March 6th.
The stock was sold at an average price of $137.11, for a total transaction of $273,808.67.
Following the transaction, the senior vice president now directly owns 8,425 shares of the company’s stock, valued at approximately $1,155,151.75. This trade represents a 19.
16 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 2.
32% of the stock is owned by corporate insiders. Matson Stock Performance Matson ( NYSE:MATX – Get Free Report ) last posted its earnings results on Tuesday, February 25th. The shipping company reported $3.
80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.60.
Matson had a return on equity of 16.89% and a net margin of 12.37%.
The business had revenue of $890.30 million during the quarter, compared to analysts’ expectations of $851.78 million.
As a group, sell-side analysts forecast that Matson, Inc. will post 13.27 earnings per share for the current year.
Matson Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th were issued a $0.34 dividend.
The ex-dividend date was Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.
05%. Matson’s dividend payout ratio (DPR) is presently 9.69%.
Analysts Set New Price Targets Several equities research analysts have recently weighed in on MATX shares. Stephens upped their target price on shares of Matson from $165.00 to $175.
00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Stifel Nicolaus upped their target price on shares of Matson from $150.00 to $160.
00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, Wolfe Research lowered shares of Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Read Our Latest Stock Analysis on MATX Matson Company 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. Further Reading 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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