AE Wealth Management LLC Acquires New Position in Matson, Inc. (NYSE:MATX)

AE Wealth Management LLC acquired a new stake in shares of Matson, Inc. (NYSE:MATX) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,252 shares of the shipping company’s stock, valued at approximately $417,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its holdings in shares of Matson by 96.8% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 52,392 shares of the shipping company’s stock valued at $2,985,000 after purchasing an additional 25,775 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Matson by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,370 shares of the shipping company’s stock valued at $1,616,000 after purchasing an additional 200 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of Matson in the 4th quarter valued at about $402,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Matson in the 1st quarter valued at about $223,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Matson in the 1st quarter valued at about $430,000. Institutional investors own 86.56% of the company’s stock.

Separately, Stephens restated an “equal weight” rating and issued a $70.00 price target on shares of Matson in a report on Wednesday, May 5th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Matson has a consensus rating of “Buy” and an average price target of $54.00.

NYSE MATX opened at $60.07 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.61 billion, a PE ratio of 21.15 and a beta of 0.99. The company has a 50 day moving average price of $67.86 and a 200 day moving average price of $64.34. Matson, Inc. has a 52 week low of $23.75 and a 52 week high of $79.05.

Matson (NYSE:MATX) last posted its quarterly earnings data on Tuesday, April 27th. The shipping company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.63 by $0.36. Matson had a net margin of 5.54% and a return on equity of 14.86%. On average, equities research analysts anticipate that Matson, Inc. will post 3.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 3rd. Shareholders of record on Thursday, May 6th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, May 5th. Matson’s dividend payout ratio is presently 48.17%.

In other Matson news, CEO Matthew J. Cox sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 20th. The shares were sold at an average price of $68.61, for a total transaction of $343,050.00. Following the sale, the chief executive officer now owns 329,844 shares of the company’s stock, valued at approximately $22,630,596.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Kevin L. Stuck sold 1,982 shares of the business’s stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $62.55, for a total transaction of $123,974.10. In the last three months, insiders have sold 19,032 shares of company stock worth $1,279,288. 1.95% of the stock is owned by insiders.

About Matson

Matson, Inc, together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia.

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Institutional Ownership by Quarter for Matson (NYSE:MATX)

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