Amundi Has $2.39 Million Holdings in Matson, Inc. (NYSE:MATX)

Amundi increased its stake in shares of Matson, Inc. (NYSE:MATX - Free Report) by 185.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,188 shares of the shipping company's stock after purchasing an additional 11,169 shares during the period. Amundi owned approximately 0.05% of Matson worth $2,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MATX. IFP Advisors Inc acquired a new position in shares of Matson during the 4th quarter worth about $40,000. U S Global Investors Inc. bought a new position in Matson during the 4th quarter worth approximately $111,000. Smartleaf Asset Management LLC grew its holdings in Matson by 339.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 901 shares of the shipping company's stock valued at $122,000 after purchasing an additional 696 shares during the period. Rothschild Investment LLC increased its stake in Matson by 31.4% in the fourth quarter. Rothschild Investment LLC now owns 1,059 shares of the shipping company's stock valued at $143,000 after purchasing an additional 253 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Matson by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company's stock worth $166,000 after purchasing an additional 133 shares during the period. Institutional investors own 84.76% of the company's stock.

Insider Buying and Selling at Matson

In other Matson news, EVP John P. Lauer sold 7,985 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.73, for a total value of $1,075,819.05. Following the sale, the executive vice president now owns 25,192 shares in the company, valued at $3,394,118.16. This represents a 24.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $137.11, for a total value of $273,808.67. Following the transaction, the senior vice president now owns 8,425 shares of the company's stock, valued at $1,155,151.75. This represents a 19.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on MATX. Stephens boosted their price target on shares of Matson from $165.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Stifel Nicolaus boosted their target price on Matson from $150.00 to $160.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th.

Matson Stock Up 1.3 %

Shares of NYSE MATX traded up $1.62 during midday trading on Thursday, reaching $130.02. The company's stock had a trading volume of 330,223 shares, compared to its average volume of 257,665. The stock has a 50 day simple moving average of $138.24 and a 200-day simple moving average of $141.09. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 10.82 and a beta of 1.05. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12.

Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. The firm had revenue of $890.30 million for the quarter, compared to analyst estimates of $851.78 million. Equities research analysts predict that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.36 annualized dividend and a yield of 1.05%. Matson's dividend payout ratio (DPR) is presently 9.69%.

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.