Dimensional Fund Advisors LP Has $281.68 Million Stock Holdings in Matson, Inc. (NYSE:MATX)

Dimensional Fund Advisors LP lessened its position in shares of Matson, Inc. (NYSE:MATX - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,088,949 shares of the shipping company's stock after selling 127,079 shares during the quarter. Dimensional Fund Advisors LP owned about 6.29% of Matson worth $281,677,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in Matson by 21.5% during the fourth quarter. First Trust Advisors LP now owns 663,245 shares of the shipping company's stock worth $89,432,000 after purchasing an additional 117,545 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Matson by 186.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,300 shares of the shipping company's stock valued at $580,000 after purchasing an additional 2,800 shares during the last quarter. Lodge Hill Capital LLC purchased a new position in shares of Matson in the fourth quarter valued at $1,348,000. Zacks Investment Management raised its stake in shares of Matson by 2.1% during the 4th quarter. Zacks Investment Management now owns 16,199 shares of the shipping company's stock worth $2,184,000 after buying an additional 335 shares during the last quarter. Finally, EAM Global Investors LLC purchased a new stake in shares of Matson in the 4th quarter worth about $2,424,000. Institutional investors and hedge funds own 84.76% of the company's stock.

Analyst Upgrades and Downgrades

MATX has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Stephens boosted their target price on shares of Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th.

Matson Stock Down 1.1 %

Shares of NYSE:MATX traded down $1.13 during midday trading on Friday, hitting $102.42. 393,796 shares of the stock were exchanged, compared to its average volume of 303,837. 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 52-week low of $92.90 and a 52-week high of $169.12. The business's fifty day simple moving average is $123.37 and its two-hundred day simple moving average is $136.71. The company has a market capitalization of $3.36 billion, a PE ratio of 8.52 and a beta of 1.12.

Matson (NYSE:MATX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $890.30 million for the quarter, compared to the consensus estimate of $851.78 million. As a group, research analysts predict that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 8th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 8th. Matson's dividend payout ratio (DPR) is currently 9.69%.

Insider Activity

In related news, EVP John P. Lauer sold 7,985 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.73, for a total value of $1,075,819.05. Following the completion of 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 position. 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 dated Thursday, March 6th. The shares were 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 in the company, 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 owned by insiders.

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.