2 weeks Ago By Defense World Staff
Bank of Montreal Can boosted its stake in Matson, Inc. (NYSE:MATX – Free Report) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 5,890 shares of the shipping company’s stock after purchasing an additional 283 shares during the period. Bank of Montreal Can’s holdings in Matson were worth $794,000 at the end of the most recent reporting period. Several other large investors have also bought and sold shares of MATX.
Johnson Investment Counsel Inc. raised its position in shares of Matson by 4.5% during the fourth quarter.
Johnson Investment Counsel Inc. now owns 1,766 shares of the shipping company’s stock worth $238,000 after acquiring an additional 76 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Matson by 0.
5% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company’s stock worth $2,244,000 after purchasing an additional 80 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Matson by 2.
9% in the 4th quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company’s stock worth $401,000 after purchasing an additional 85 shares during the period. Hillsdale Investment Management Inc.
increased its position in shares of Matson by 0.4% during the fourth quarter. Hillsdale Investment Management Inc.
now owns 28,170 shares of the shipping company’s stock worth $3,798,000 after buying an additional 100 shares during the period. Finally, GAMMA Investing LLC raised its stake in Matson by 12.1% during the fourth quarter.
GAMMA Investing LLC now owns 1,229 shares of the shipping company’s stock worth $166,000 after buying an additional 133 shares during the last quarter. 84.76% of the stock is owned by institutional investors.
Insider Buying and SellingIn related news, EVP John P. Lauer sold 7,985 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.
73, for a total transaction of $1,075,819.05. Following the completion of the sale, the executive vice president now directly owns 25,192 shares of the company’s stock, valued at approximately $3,394,118.
16. This trade represents a 24.07 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Richard S. Kinney sold 1,997 shares of the company’s stock in a transaction on Thursday, March 6th.
The shares were sold at an average price of $137.11, for a total value of $273,808.67.
Following the completion of the transaction, the senior vice president now owns 8,425 shares of the company’s stock, valued at $1,155,151.75. This trade represents a 19.
16 % decrease in their position. The disclosure for this sale can be found here. 2.
05% of the stock is currently owned by company insiders. Matson Stock PerformanceShares of MATX opened at $98.29 on Friday.
The stock has a 50-day moving average of $126.99 and a 200-day moving average of $137.76.
Matson, Inc. has a one year low of $96.72 and a one year high of $169.
12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.
13 and a quick ratio of 1.13. The company has a market cap of $3.
23 billion, a PE ratio of 8.18 and a beta of 1.12.
Matson (NYSE:MATX – Get Free Report) last issued its earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share for the quarter, topping analysts’ consensus estimates of $3.
20 by $0.60. Matson had a return on equity of 16.
89% and a net margin of 12.37%. The company had revenue of $890.
30 million for the quarter, compared to analyst estimates of $851.78 million. On average, equities research analysts predict that Matson, Inc.
will post 13.27 EPS for the current fiscal year. Matson Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th.
Stockholders of record on Thursday, February 6th were given a dividend of $0.34 per share. This represents a $1.
36 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 6th.
Matson’s payout ratio is presently 9.69%. Analysts Set New Price TargetsA number of analysts have weighed in on the company.
Stifel Nicolaus increased their price target on Matson from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th.
Stephens boosted their price target on Matson from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th.
Read Our Latest Analysis on MATXMatson Profile (Free Report)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.
Further ReadingFive stocks we like better than MatsonWhat is the Nikkei 225 index? J.B. Hunt Transport Overcorrects Into a Buying OpportunityWhat is the NASDAQ Stock Exchange?AppLovin: Can Record Profits Overcome Market Skepticism?Earnings Per Share Calculator: How to Calculate EPSMarketBeat Week in Review – 04/14 – 04/18Want to see what other hedge funds are holding MATX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Matson, Inc. (NYSE:MATX – Free Report)..
