Natixis Advisors LLC Raises Holdings in Matson, Inc. (NYSE:MATX)

Natixis Advisors LLC increased its position in shares of Matson, Inc. (NYSE:MATX) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,217 shares of the shipping company’s stock after buying an additional 78 shares during the period. Natixis Advisors LLC’s holdings in Matson were worth $2,313,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Caxton Associates LP increased its position in Matson by 283.4% during the 1st quarter. Caxton Associates LP now owns 8,232 shares of the shipping company’s stock valued at $925,000 after purchasing an additional 6,085 shares during the period. Artemis Investment Management LLP lifted its holdings in Matson by 31.5% during the second quarter. Artemis Investment Management LLP now owns 75,070 shares of the shipping company’s stock worth $9,832,000 after buying an additional 17,992 shares during the period. Edgestream Partners L.P. boosted its position in Matson by 98.1% during the second quarter. Edgestream Partners L.P. now owns 10,044 shares of the shipping company’s stock valued at $1,315,000 after purchasing an additional 4,973 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Matson by 93.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,234 shares of the shipping company’s stock worth $1,471,000 after buying an additional 5,439 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in Matson in the second quarter worth $559,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Price Performance

Shares of MATX opened at $153.95 on Monday. The business’s 50-day moving average is $144.02 and its two-hundred day moving average is $132.76. The company has a market capitalization of $5.11 billion, a P/E ratio of 12.81 and a beta of 1.06. Matson, Inc. has a fifty-two week low of $93.75 and a fifty-two week high of $169.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13.

Matson (NYSE:MATX) last issued its quarterly earnings data on Wednesday, October 30th. The shipping company reported $5.89 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.91. Matson had a net margin of 12.37% and a return on equity of 16.89%. The business had revenue of $962.00 million for the quarter, compared to analysts’ expectations of $965.73 million. During the same quarter last year, the company earned $3.40 EPS. The business’s revenue was up 16.3% on a year-over-year basis. Research analysts predict that Matson, Inc. will post 13.19 earnings per share for the current year.

Matson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.88%. Matson’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MATX shares. Stephens increased their price target on Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Wolfe Research cut shares of Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th. Finally, StockNews.com lowered shares of Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th.

Insider Buying and Selling at Matson

In other news, SVP Leonard P. Isotoff sold 492 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $161.26, for a total transaction of $79,339.92. Following the completion of the sale, the senior vice president now owns 4,254 shares of the company’s stock, valued at $686,000.04. This represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Lee Taylor sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $135.73, for a total value of $135,730.00. Following the transaction, the senior vice president now directly owns 9,392 shares in the company, valued at $1,274,776.16. This trade represents a 9.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,645 shares of company stock valued at $3,677,960. Company insiders own 2.32% of the company’s stock.

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.