Nisa Investment Advisors LLC Boosts Holdings in Matson, Inc. (NYSE:MATX)

Nisa Investment Advisors LLC boosted its position in shares of Matson, Inc. (NYSE:MATX) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,645 shares of the shipping company’s stock after purchasing an additional 80 shares during the quarter. Nisa Investment Advisors LLC owned about 0.05% of Matson worth $2,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of Matson by 6.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,414 shares of the shipping company’s stock worth $447,000 after purchasing an additional 201 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Matson in the 2nd quarter worth about $105,000. Marshall Wace LLP bought a new position in Matson during the 2nd quarter valued at about $3,700,000. AQR Capital Management LLC boosted its holdings in shares of Matson by 441.8% during the 2nd quarter. AQR Capital Management LLC now owns 21,510 shares of the shipping company’s stock valued at $2,817,000 after acquiring an additional 17,540 shares during the last quarter. Finally, Maverick Capital Ltd. grew its stake in shares of Matson by 58.7% in the second quarter. Maverick Capital Ltd. now owns 7,393 shares of the shipping company’s stock worth $968,000 after acquiring an additional 2,734 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Matson Stock Down 1.5 %

Shares of MATX stock opened at $136.44 on Monday. 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 12 month low of $100.50 and a 12 month high of $169.12. The stock has a market cap of $4.53 billion, a P/E ratio of 11.35 and a beta of 1.07. The company has a 50 day simple moving average of $143.80 and a two-hundred day simple moving average of $139.30.

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

Matson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.00%. Matson’s dividend payout ratio (DPR) is presently 11.31%.

Insider Buying and Selling

In other news, EVP Peter T. Heilmann sold 5,404 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $162.36, for a total value of $877,393.44. Following the completion of the transaction, the executive vice president now owns 32,952 shares of the company’s stock, valued at $5,350,086.72. This represents a 14.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rusty K. Rolfe sold 3,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total value of $497,910.00. Following the sale, the executive vice president now owns 21,871 shares of the company’s stock, valued at $3,629,929.87. This represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,646 shares of company stock valued at $1,578,768. 2.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MATX. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th. Stephens restated an “overweight” rating and issued a $165.00 price target on shares of Matson in a research note on Thursday, January 2nd.

Matson Profile

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.