Sanctuary Advisors LLC raised its position in shares of Matson, Inc. (NYSE:MATX – Free Report) by 8.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,831 shares of the shipping company’s stock after purchasing an additional 658 shares during the quarter. Sanctuary Advisors LLC’s holdings in Matson were worth $1,248,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Matson by 9.5% during the 4th 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. Charles Schwab Investment Management Inc. boosted its holdings in shares of Matson by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,716 shares of the shipping company’s stock worth $56,437,000 after purchasing an additional 20,568 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Matson by 10.1% in the 3rd 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 during the period. Principal Financial Group Inc. boosted its holdings in shares of Matson by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 180,956 shares of the shipping company’s stock worth $24,400,000 after purchasing an additional 4,945 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Matson by 1.5% in the 4th quarter. Rhumbline Advisers now owns 103,398 shares of the shipping company’s stock worth $13,942,000 after purchasing an additional 1,518 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.
Matson Price Performance
Shares of Matson stock opened at $141.27 on Wednesday. Matson, Inc. has a one year low of $100.50 and a one year 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 stock has a market cap of $4.69 billion, a price-to-earnings ratio of 11.75 and a beta of 1.05. The stock has a 50 day moving average price of $139.46 and a 200-day moving average price of $141.01.
Matson (NYSE:MATX – Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.60. Matson had a return on equity of 16.89% and a net margin of 12.37%. Equities analysts expect that Matson, Inc. will post 13.27 EPS for the current year.
Matson Dividend Announcement
The firm also recently declared 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. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, February 6th. Matson’s dividend payout ratio is currently 11.31%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MATX. Stephens reiterated an “overweight” rating and issued a $165.00 target price on shares of Matson in a report on Thursday, January 2nd. Wolfe Research cut Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th.
Check Out Our Latest Report on MATX
Matson Company 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.
See Also
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