AlphaMark Advisors LLC Boosts Holdings in Matson, Inc. (NYSE:MATX)

AlphaMark Advisors LLC raised its stake in shares of Matson, Inc. (NYSE:MATX) by 4.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,909 shares of the shipping company’s stock after purchasing an additional 131 shares during the period. AlphaMark Advisors LLC’s holdings in Matson were worth $381,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MATX. Forest Avenue Capital Management LP boosted its stake in Matson by 30.6% during the fourth quarter. Forest Avenue Capital Management LP now owns 64,000 shares of the shipping company’s stock valued at $7,014,000 after buying an additional 15,000 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Matson by 35.8% in the 1st quarter. BNP Paribas Financial Markets now owns 19,322 shares of the shipping company’s stock valued at $2,172,000 after purchasing an additional 5,095 shares in the last quarter. LSV Asset Management boosted its position in Matson by 18.1% during the 1st quarter. LSV Asset Management now owns 282,763 shares of the shipping company’s stock valued at $31,783,000 after acquiring an additional 43,324 shares in the last quarter. PAX Financial Group LLC bought a new stake in Matson during the first quarter valued at about $605,000. Finally, Seven Eight Capital LP lifted its position in Matson by 579.8% during the fourth quarter. Seven Eight Capital LP now owns 16,819 shares of the shipping company’s stock valued at $1,843,000 after acquiring an additional 14,345 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Matson Stock Performance

Shares of MATX traded up $0.34 during midday trading on Thursday, reaching $130.33. 218,047 shares of the stock were exchanged, compared to its average volume of 270,601. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 15.37 and a beta of 1.09. The business’s 50-day moving average price is $127.44 and its 200 day moving average price is $117.93. Matson, Inc. has a twelve month low of $82.68 and a twelve month high of $136.31.

Matson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 1st will be paid a $0.34 dividend. This is an increase from Matson’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, August 1st. Matson’s dividend payout ratio (DPR) is presently 16.04%.

Insider Activity at Matson

In other news, SVP Laura L. Rascon sold 744 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $129.13, for a total transaction of $96,072.72. Following the completion of the transaction, the senior vice president now owns 12,369 shares of the company’s stock, valued at approximately $1,597,208.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Matson news, SVP Laura L. Rascon sold 744 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $129.13, for a total transaction of $96,072.72. Following the completion of the sale, the senior vice president now owns 12,369 shares in the company, valued at approximately $1,597,208.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Cox sold 7,500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $133.37, for a total value of $1,000,275.00. Following the completion of the sale, the chief executive officer now directly owns 222,897 shares of the company’s stock, valued at $29,727,772.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,907 shares of company stock valued at $11,740,481. Insiders own 2.32% of the company’s stock.

Analyst Upgrades and Downgrades

MATX has been the topic of several research reports. StockNews.com raised Matson from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Stephens upped their price objective on shares of Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus upped their target price on Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st.

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.