Matson, Inc. (NYSE:MATX) Shares Purchased by CKW Financial Group

CKW Financial Group boosted its position in shares of Matson, Inc. (NYSE:MATX) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,251 shares of the shipping company’s stock after acquiring an additional 340 shares during the period. Matson comprises 0.6% of CKW Financial Group’s investment portfolio, making the stock its 11th biggest holding. CKW Financial Group owned about 0.11% of Matson worth $4,888,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in shares of Matson by 4,167,726.1% during the 3rd quarter. Pacer Advisors Inc. now owns 958,600 shares of the shipping company’s stock worth $136,716,000 after buying an additional 958,577 shares during the last quarter. Millennium Management LLC lifted its position in Matson by 126.5% in the second quarter. Millennium Management LLC now owns 240,117 shares of the shipping company’s stock valued at $31,448,000 after acquiring an additional 134,092 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Matson in the fourth quarter valued at $9,788,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Matson during the third quarter worth about $6,735,000. Finally, International Assets Investment Management LLC increased its position in shares of Matson by 14,162.0% during the third quarter. International Assets Investment Management LLC now owns 42,786 shares of the shipping company’s stock worth $6,102,000 after purchasing an additional 42,486 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wolfe Research cut Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th. Stephens reissued an “overweight” rating and issued a $165.00 price objective on shares of Matson in a report on Thursday, January 2nd.

Matson Price Performance

Shares of MATX opened at $136.44 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12. The firm has a 50-day simple moving average of $143.80 and a 200-day simple moving average of $139.30. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 11.35 and a beta of 1.07.

Matson (NYSE:MATX) last posted its quarterly earnings data on Wednesday, October 30th. The shipping company reported $5.89 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $965.73 million. During the same period last year, the firm earned $3.40 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, equities research analysts anticipate that Matson, Inc. will post 13.19 earnings per share for the current year.

Matson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 1.00%. Matson’s payout ratio is currently 11.31%.

Insider Transactions at Matson

In other Matson news, EVP Rusty K. Rolfe sold 3,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total value of $497,910.00. Following the completion of the transaction, the executive vice president now owns 21,871 shares in the company, valued at approximately $3,629,929.87. This represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Leonard P. Isotoff sold 492 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $161.26, for a total transaction of $79,339.92. Following the sale, the senior vice president now owns 4,254 shares in the company, valued at $686,000.04. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,646 shares of company stock worth $1,578,768. Company insiders own 2.32% of the company’s stock.

About Matson

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.