Caisse DE Depot ET Placement DU Quebec Buys Shares of 47,223 Matson, Inc. (NYSE:MATX)

Caisse DE Depot ET Placement DU Quebec bought a new position in Matson, Inc. (NYSE:MATX - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 47,223 shares of the shipping company's stock, valued at approximately $6,735,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.14% of Matson at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MATX. Natixis Advisors LLC increased its stake in Matson by 0.5% in the 3rd quarter. Natixis Advisors LLC now owns 16,217 shares of the shipping company's stock worth $2,313,000 after purchasing an additional 78 shares in the last quarter. Caprock Group LLC raised its position in Matson by 4.2% during the third quarter. Caprock Group LLC now owns 2,283 shares of the shipping company's stock valued at $326,000 after buying an additional 91 shares during the period. First Trust Direct Indexing L.P. lifted its stake in Matson by 6.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,663 shares of the shipping company's stock worth $237,000 after acquiring an additional 107 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Matson by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,585 shares of the shipping company's stock valued at $1,255,000 after acquiring an additional 124 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in shares of Matson by 4.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,909 shares of the shipping company's stock valued at $381,000 after purchasing an additional 131 shares during the period. 84.76% of the stock is currently owned by institutional investors.

Insider Transactions at Matson

In other Matson news, EVP Rusty K. Rolfe sold 3,000 shares of the business's 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 transaction, the executive vice president now owns 21,871 shares of the company's stock, valued at approximately $3,629,929.87. The trade was a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Leonard P. Isotoff sold 492 shares of Matson stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $161.26, for a total value of $79,339.92. Following the completion of the transaction, the senior vice president now directly owns 4,254 shares of the company's stock, valued at $686,000.04. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,145 shares of company stock valued at $2,649,185. 2.32% of the stock is owned by insiders.

Matson Stock Performance

Shares of NYSE:MATX traded down $4.00 on Tuesday, hitting $152.12. 387,525 shares of the company were exchanged, compared to its average volume of 250,178. The company's 50 day moving average price is $146.68 and its two-hundred day moving average price is $134.83. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 12.66 and a beta of 1.04. 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 one year low of $94.58 and a one year high of $169.12.

Matson (NYSE:MATX - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The shipping company reported $5.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.91. The business had revenue of $962.00 million for the quarter, compared to analysts' expectations of $965.73 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. Matson's quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.40 earnings per share. Research analysts expect 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, December 5th. Investors of record on Thursday, November 7th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, November 7th. Matson's dividend payout ratio is 11.31%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Matson from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 6th. Wolfe Research downgraded Matson from an "outperform" rating to a "peer perform" rating in a report on Monday, November 18th.

Matson 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.