Matson, Inc. (NYSE:MATX) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in Matson, Inc. (NYSE:MATX) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,500 shares of the shipping company’s stock after selling 200 shares during the quarter. Swiss National Bank’s holdings in Matson were worth $2,225,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its stake in Matson by 9.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company’s stock valued at $141,551,000 after buying an additional 91,172 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Matson during the fourth quarter valued at approximately $9,788,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Matson in the 3rd quarter valued at approximately $6,735,000. Nomura Asset Management Co. Ltd. acquired a new position in Matson in the 3rd quarter worth approximately $5,746,000. Finally, Raymond James Financial Inc. purchased a new position in Matson during the 4th quarter worth approximately $4,328,000. Institutional investors own 84.76% of the company’s stock.

Matson Stock Down 1.6 %

Matson stock opened at $130.73 on Friday. Matson, Inc. has a twelve month low of $100.50 and a twelve month 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. The firm has a market cap of $4.29 billion, a PE ratio of 10.88 and a beta of 1.05. The firm’s 50 day moving average price is $137.18 and its two-hundred day moving average price is $140.96.

Matson (NYSE:MATX) last posted its quarterly earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. The business had revenue of $890.30 million for the quarter, compared to the consensus estimate of $851.78 million. On average, research analysts predict that Matson, Inc. will post 13.27 EPS for the current fiscal year.

Matson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were paid a $0.34 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.04%. Matson’s payout ratio is 9.69%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Matson from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Stephens increased their price objective on Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th.

Insider Activity at Matson

In other news, EVP John P. Lauer sold 7,985 shares of the 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 transaction, the executive vice president now owns 25,192 shares in the company, valued at $3,394,118.16. This represents a 24.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $137.11, for a total transaction of $273,808.67. Following the completion of the sale, the senior vice president now directly owns 8,425 shares of the company’s stock, valued at approximately $1,155,151.75. The trade was a 19.16 % decrease in their position. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by company insiders.

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.