Charles Schwab Investment Management Inc. Has $52.98 Million Position in Matson, Inc. (NYSE:MATX)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Matson, Inc. (NYSE:MATX - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 392,896 shares of the shipping company's stock after selling 2,820 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.18% of Matson worth $52,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MATX. 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 during the last quarter. Intech Investment Management LLC grew its position in shares of Matson by 43.5% during the third quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company's stock worth $2,051,000 after purchasing an additional 4,361 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Matson by 142.5% in the 3rd quarter. Quest Partners LLC now owns 10,346 shares of the shipping company's stock valued at $1,476,000 after purchasing an additional 6,080 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Matson by 7.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company's stock valued at $1,437,000 after acquiring an additional 703 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Matson in the 3rd quarter worth $512,000. Institutional investors and hedge funds own 84.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MATX shares. Stephens upped their target price on Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Stifel Nicolaus raised 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. Finally, Wolfe Research lowered Matson from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 18th.

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Insider Activity

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

Matson Stock Down 1.9 %

Shares of Matson stock opened at $129.54 on Friday. 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 company has a fifty day moving average price of $139.09 and a 200 day moving average price of $141.29. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 10.78 and a beta of 1.05. Matson, Inc. has a twelve month low of $100.50 and a twelve month high of $169.12.

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 net margin of 12.37% and a return on equity of 16.89%. The firm had revenue of $890.30 million during the quarter, compared to analysts' expectations of $851.78 million. Equities research analysts forecast that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th were given a $0.34 dividend. 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 is 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.

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