Regency Capital Management Inc. DE Has $276,000 Stake in Matson, Inc. (NYSE:MATX)

Regency Capital Management Inc. DE lowered its position in Matson, Inc. (NYSE:MATX) by 29.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,050 shares of the shipping company’s stock after selling 850 shares during the period. Regency Capital Management Inc. DE’s holdings in Matson were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MATX. Mercer Global Advisors Inc. ADV boosted its stake in Matson by 6.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,414 shares of the shipping company’s stock worth $447,000 after purchasing an additional 201 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Matson during the 2nd quarter worth about $105,000. Marshall Wace LLP bought a new stake in Matson during the 2nd quarter worth about $3,700,000. AQR Capital Management LLC increased its position in Matson by 441.8% in the 2nd quarter. AQR Capital Management LLC now owns 21,510 shares of the shipping company’s stock valued at $2,817,000 after acquiring an additional 17,540 shares in the last quarter. Finally, Maverick Capital Ltd. raised its stake in shares of Matson by 58.7% in the second quarter. Maverick Capital Ltd. now owns 7,393 shares of the shipping company’s stock worth $968,000 after acquiring an additional 2,734 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Matson Trading Down 1.5 %

MATX opened at $136.44 on Friday. The firm has a 50 day simple moving average of $143.80 and a 200 day simple moving average of $139.18. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 11.35 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13.

Matson (NYSE:MATX) last posted its quarterly earnings results on Wednesday, October 30th. The shipping company reported $5.89 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.91. Matson had a return on equity of 16.89% and a net margin of 12.37%. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $965.73 million. During the same quarter in the prior year, the business posted $3.40 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. On average, sell-side analysts anticipate that Matson, Inc. will post 13.19 earnings per share for the current year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.00%. Matson’s dividend payout ratio (DPR) is presently 11.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MATX. Wolfe Research lowered shares of Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens restated an “overweight” rating and set a $165.00 target price on shares of Matson in a research report on Thursday, January 2nd.

Insider Activity at Matson

In related news, SVP John Warren Sullivan sold 750 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $165.50, for a total value of $124,125.00. Following the completion of the sale, the senior vice president now owns 12,745 shares in the company, valued at $2,109,297.50. This represents a 5.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter T. Heilmann sold 5,404 shares of Matson stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $162.36, for a total value of $877,393.44. Following the transaction, the executive vice president now owns 32,952 shares in the company, valued at approximately $5,350,086.72. This represents a 14.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,646 shares of company stock worth $1,578,768 in the last ninety days. Company 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.