New York State Teachers Retirement System Decreases Stock Holdings in Matson, Inc. (NYSE:MATX)

New York State Teachers Retirement System trimmed its position in Matson, Inc. (NYSE:MATX) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,446 shares of the shipping company’s stock after selling 2,008 shares during the quarter. New York State Teachers Retirement System owned 0.15% of Matson worth $6,937,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in Matson during the 3rd quarter valued at $50,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Matson during the 3rd quarter valued at about $92,000. Farther Finance Advisors LLC raised its stake in Matson by 1,661.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock worth $156,000 after acquiring an additional 1,030 shares during the period. GAMMA Investing LLC raised its stake in Matson by 12.1% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company’s stock worth $166,000 after acquiring an additional 133 shares during the period. Finally, CWM LLC raised its stake in Matson by 80.4% during the 3rd quarter. CWM LLC now owns 1,198 shares of the shipping company’s stock worth $171,000 after acquiring an additional 534 shares during the period. 84.76% of the stock is owned by hedge funds and other institutional investors.

Matson Trading Down 3.7 %

NYSE MATX opened at $143.59 on Thursday. The company’s 50-day moving average price is $139.63 and its 200-day moving average price is $140.62. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a market cap of $4.77 billion, a PE ratio of 11.95 and a beta of 1.05. Matson, Inc. has a 12 month low of $100.50 and a 12 month high of $169.12.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, February 6th. Matson’s payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

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

Matson Company 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.