11,210 Shares in Matson, Inc. (NYSE:MATX) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Matson, Inc. (NYSE:MATX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,210 shares of the shipping company's stock, valued at approximately $1,599,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MATX. TruNorth Capital Management LLC bought a new position in shares of Matson during the 2nd quarter valued at $27,000. Redwood Wealth Management Group LLC purchased a new position in Matson in the second quarter worth about $34,000. International Assets Investment Management LLC purchased a new position in Matson in the second quarter worth about $39,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Matson during the 3rd quarter valued at about $50,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Matson in the first quarter worth approximately $71,000. Hedge funds and other institutional investors own 84.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MATX shares. StockNews.com cut shares of Matson from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 6th. Wolfe Research lowered Matson from an "outperform" rating to a "peer perform" rating in a report on Monday, November 18th. Finally, Stephens raised their price objective on Matson from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd.

Matson Price Performance

Shares of MATX stock traded up $1.06 on Tuesday, hitting $157.10. 224,984 shares of the stock traded hands, compared to its average volume of 274,768. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. Matson, Inc. has a 52 week low of $93.75 and a 52 week high of $169.12. The firm has a 50 day simple moving average of $144.52 and a two-hundred day simple moving average of $133.20. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 12.99 and a beta of 1.06.

Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The shipping company reported $5.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.98 by $0.91. Matson had a return on equity of 16.89% and a net margin of 12.37%. The business had revenue of $962.00 million during the quarter, compared to analyst estimates of $965.73 million. During the same quarter in the prior year, the business posted $3.40 EPS. Matson's revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, equities research analysts predict that Matson, Inc. will post 13.19 earnings per share for the current fiscal year.

Matson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 7th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.36 dividend on an annualized basis and a yield of 0.87%. Matson's dividend payout ratio is presently 11.31%.

Insiders Place Their Bets

In other Matson news, SVP John Warren Sullivan sold 750 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $165.50, for a total value of $124,125.00. Following the transaction, the senior vice president now owns 12,745 shares of the company's stock, valued at $2,109,297.50. This represents a 5.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Cox sold 7,500 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $137.17, for a total value of $1,028,775.00. Following the completion of the transaction, the chief executive officer now directly owns 215,397 shares in the company, valued at approximately $29,546,006.49. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,645 shares of company stock worth $3,677,960 in the last three months. 2.32% of the stock is owned by company insiders.

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.