4 hours Ago By Defense World Staff
Victory Capital Management Inc. increased its position in shares of Matson, Inc. (NYSE:MATX – Free Report) by 13.
1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,630 shares of the shipping company’s stock after purchasing an additional 5,389 shares during the period. Victory Capital Management Inc.
owned approximately 0.14% of Matson worth $6,288,000 as of its most recent SEC filing. Other large investors have also recently added to or reduced their stakes in the company.
JPMorgan Chase & Co. raised its holdings in Matson by 10.1% during the third 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 in the last quarter. Intech Investment Management LLC grew its position in Matson by 43.
5% during the third quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company’s stock worth $2,051,000 after buying an additional 4,361 shares during the period. Quest Partners LLC grew its position in Matson by 142.
5% during the third quarter. Quest Partners LLC now owns 10,346 shares of the shipping company’s stock worth $1,476,000 after buying an additional 6,080 shares during the period. BNP Paribas Financial Markets grew its position in Matson by 7.
5% during the third quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company’s stock worth $1,437,000 after buying an additional 703 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Matson during the third quarter worth about $512,000.
84.76% of the stock is owned by hedge funds and other institutional investors. Insider Activity at MatsonIn other news, EVP John P.
Lauer sold 7,985 shares of Matson stock in a transaction that occurred on Thursday, March 6th. The shares were 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 owns 25,192 shares of the company’s stock, valued at $3,394,118.16.
The trade was a 24.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Also, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 8,425 shares in the company, valued at $1,155,151.
75. This represents a 19.16 % decrease in their position.
The disclosure for this sale can be found here. 2.32% of the stock is currently owned by insiders.
Analysts Set New Price TargetsSeveral research analysts have 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 research report on Wednesday, February 26th. Stifel Nicolaus increased their price target on shares of Matson from $150.00 to $160.
00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Finally, Wolfe Research lowered shares of Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th.View Our Latest Analysis on MatsonMatson Price PerformanceMATX opened at $129.
96 on Friday. The company has a fifty day simple moving average of $138.88 and a 200 day simple moving average of $141.
24. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 10.
81 and a beta of 1.05. Matson, Inc.
has a twelve month low of $100.50 and a twelve month high of $169.12.
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 (NYSE:MATX – Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.
80 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.60.
Matson had a net margin of 12.37% and a return on equity of 16.89%.
The company had revenue of $890.30 million during the quarter, compared to analyst estimates of $851.78 million.
Equities research analysts expect that Matson, Inc. will post 13.27 EPS for the current fiscal year.
Matson Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were given a $0.34 dividend.
The ex-dividend date was Thursday, February 6th. This represents a $1.36 annualized dividend and a yield of 1.
05%. Matson’s dividend payout ratio is presently 9.69%.
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.
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(NYSE:MATX – Free Report)..
