Brio Consultants LLC Takes Position in Matson, Inc. (NYSE:MATX)

Brio Consultants LLC purchased a new stake in shares of Matson, Inc. (NYSE:MATX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,858 shares of the shipping company's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of Matson by 9.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company's stock worth $141,551,000 after purchasing an additional 91,172 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Matson by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,716 shares of the shipping company's stock worth $56,437,000 after acquiring an additional 20,568 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Matson by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company's stock worth $40,927,000 after acquiring an additional 26,366 shares in the last quarter. Artemis Investment Management LLP increased its holdings in Matson by 23.7% in the 3rd quarter. Artemis Investment Management LLP now owns 92,873 shares of the shipping company's stock worth $13,246,000 after acquiring an additional 17,803 shares in the last quarter. Finally, Paradiem LLC grew its holdings in Matson by 2.2% during the 4th quarter. Paradiem LLC now owns 90,036 shares of the shipping company's stock valued at $12,140,000 after buying an additional 1,909 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP John Warren Sullivan sold 750 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $165.50, for a total transaction of $124,125.00. Following the transaction, the senior vice president now owns 12,745 shares of the company's stock, valued at approximately $2,109,297.50. This represents a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rusty K. Rolfe sold 3,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total value of $497,910.00. Following the transaction, the executive vice president now directly owns 21,871 shares in the company, valued at approximately $3,629,929.87. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. 2.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MATX. Stephens reiterated an "overweight" rating and set a $165.00 target price on shares of Matson in a research report on Thursday, January 2nd. Wolfe Research downgraded Matson from an "outperform" rating to a "peer perform" rating in a research report on Monday, November 18th.

Matson Price Performance

Shares of Matson stock traded up $0.34 on Wednesday, reaching $135.69. The company's stock had a trading volume of 138,055 shares, compared to its average volume of 224,630. The company has a market capitalization of $4.51 billion, a P/E ratio of 11.27 and a beta of 1.05. Matson, Inc. has a 52-week low of $100.50 and a 52-week high of $169.12. The stock has a 50-day moving average price of $141.64 and a 200-day moving average price of $139.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14.

Matson Announces Dividend

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

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.