Matson, Inc. (NYSE:MATX) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its holdings in Matson, Inc. (NYSE:MATX) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,676 shares of the shipping company’s stock after acquiring an additional 680 shares during the period. Matson accounts for about 0.5% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 29th largest position. Linden Thomas Advisory Services LLC owned about 0.07% of Matson worth $2,704,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. U S Global Investors Inc. lifted its holdings in Matson by 13.4% in the 4th quarter. U S Global Investors Inc. now owns 997 shares of the shipping company’s stock valued at $109,000 after purchasing an additional 118 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Matson by 1.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 7,862 shares of the shipping company’s stock worth $862,000 after acquiring an additional 128 shares during the period. Check Capital Management Inc. CA lifted its holdings in shares of Matson by 4.6% during the 4th quarter. Check Capital Management Inc. CA now owns 3,720 shares of the shipping company’s stock worth $408,000 after acquiring an additional 165 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Matson by 6.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,649 shares of the shipping company’s stock worth $324,000 after acquiring an additional 213 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Matson by 109.6% during the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock worth $45,000 after acquiring an additional 217 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

Matson Trading Up 0.1 %

MATX traded up $0.11 on Tuesday, reaching $107.63. 135,530 shares of the company’s stock were exchanged, compared to its average volume of 264,497. The company’s 50 day moving average is $110.29 and its 200-day moving average is $104.98. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 12.83 and a beta of 1.12. Matson, Inc. has a twelve month low of $61.51 and a twelve month high of $122.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.07 and a current ratio of 1.07.

Matson (NYSE:MATX) last posted its earnings results on Tuesday, February 20th. The shipping company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03. The firm had revenue of $788.90 million during the quarter, compared to the consensus estimate of $733.60 million. Matson had a net margin of 9.60% and a return on equity of 12.71%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. Equities analysts predict that Matson, Inc. will post 8.2 earnings per share for the current year.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.19%. Matson’s dividend payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. StockNews.com upgraded shares of Matson from a “hold” rating to a “buy” rating in a report on Saturday.

Insider Activity

In other news, SVP Christopher A. Scott sold 1,171 shares of Matson stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total transaction of $126,268.93. Following the sale, the senior vice president now owns 12,958 shares in the company, valued at $1,397,261.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.32% of the company’s stock.

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.