Matson, Inc. (NYSE:MATX) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Matson, Inc. (NYSE:MATX) by 30.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,637 shares of the shipping company’s stock after selling 5,900 shares during the period. Los Angeles Capital Management LLC’s holdings in Matson were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MATX. American Century Companies Inc. raised its holdings in Matson by 11.2% during the third quarter. American Century Companies Inc. now owns 653,613 shares of the shipping company’s stock worth $57,989,000 after purchasing an additional 65,736 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Matson by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 355,500 shares of the shipping company’s stock worth $31,540,000 after acquiring an additional 13,591 shares in the last quarter. London Co. of Virginia lifted its holdings in Matson by 1.5% in the 3rd quarter. London Co. of Virginia now owns 303,948 shares of the shipping company’s stock valued at $26,966,000 after acquiring an additional 4,455 shares during the last quarter. Invesco Ltd. grew its stake in shares of Matson by 12.6% in the 3rd quarter. Invesco Ltd. now owns 285,314 shares of the shipping company’s stock worth $25,313,000 after purchasing an additional 31,833 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Matson in the 3rd quarter worth approximately $14,074,000. Institutional investors own 84.76% of the company’s stock.

Matson Trading Up 0.3 %

Shares of NYSE MATX opened at $112.02 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. Matson, Inc. has a twelve month low of $64.21 and a twelve month high of $122.99. The company’s fifty day moving average is $108.68 and its 200-day moving average is $106.55. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 13.21 and a beta of 1.12.

Matson (NYSE:MATX) last announced its quarterly earnings data on Tuesday, April 30th. The shipping company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $722.10 million during the quarter, compared to analysts’ expectations of $730.44 million. Matson had a return on equity of 12.66% and a net margin of 9.61%. Matson’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Equities research analysts predict that Matson, Inc. will post 8.51 EPS for the current year.

Matson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 9th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, May 8th. Matson’s dividend payout ratio (DPR) is 15.09%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MATX shares. Stifel Nicolaus lifted their target price on Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. StockNews.com raised Matson from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.

Insider Transactions at Matson

In other news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the completion of the transaction, the senior vice president now owns 12,958 shares of the company’s stock, valued at approximately $1,397,261.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total transaction of $126,268.93. Following the completion of the sale, the senior vice president now owns 12,958 shares of the company’s stock, valued at approximately $1,397,261.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Leonard P. Isotoff sold 2,800 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $112.48, for a total transaction of $314,944.00. Following the completion of the transaction, the senior vice president now directly owns 4,746 shares in the company, valued at $533,830.08. The disclosure for this sale can be found here. Company insiders own 2.32% of the company’s stock.

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.