Paradiem LLC Acquires 1,909 Shares of Matson, Inc. (NYSE:MATX)

Paradiem LLC boosted its stake in shares of Matson, Inc. (NYSE:MATX - Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,036 shares of the shipping company's stock after acquiring an additional 1,909 shares during the quarter. Matson accounts for about 3.3% of Paradiem LLC's investment portfolio, making the stock its 9th largest holding. Paradiem LLC owned approximately 0.27% of Matson worth $12,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new position in Matson in the 3rd quarter worth about $50,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Matson during the third quarter valued at approximately $92,000. Canada Pension Plan Investment Board bought a new stake in shares of Matson during the second quarter valued at approximately $105,000. Farther Finance Advisors LLC raised its holdings in Matson by 1,661.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company's stock worth $156,000 after acquiring an additional 1,030 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Matson by 45.6% during the third quarter. GAMMA Investing LLC now owns 1,096 shares of the shipping company's stock valued at $156,000 after buying an additional 343 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP John Warren Sullivan sold 750 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 12,745 shares in the company, valued at approximately $2,109,297.50. This represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Leonard P. Isotoff sold 492 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $161.26, for a total value of $79,339.92. Following the transaction, the senior vice president now owns 4,254 shares in the company, valued at $686,000.04. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,646 shares of company stock worth $1,578,768 in the last 90 days. 2.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MATX shares. Wolfe Research lowered Matson from an "outperform" rating to a "peer perform" rating in a research report on Monday, November 18th. Stephens reissued an "overweight" rating and issued a $165.00 target price on shares of Matson in a report on Thursday, January 2nd.

Matson Stock Performance

Shares of NYSE:MATX traded up $0.62 during mid-day trading on Thursday, reaching $138.62. 159,610 shares of the company traded hands, compared to its average volume of 225,708. Matson, Inc. has a 52 week low of $100.50 and a 52 week high of $169.12. The firm has a market cap of $4.60 billion, a PE ratio of 11.53 and a beta of 1.07. The company's 50 day moving average price is $144.80 and its 200-day moving average price is $138.98. 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 (NYSE:MATX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The shipping company reported $5.89 EPS for the quarter, beating the consensus estimate of $4.98 by $0.91. The firm had revenue of $962.00 million for the quarter, compared to the consensus estimate of $965.73 million. Matson had a net margin of 12.37% and a return on equity of 16.89%. The company's revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $3.40 EPS. On average, equities analysts expect that Matson, Inc. will post 13.19 EPS for the current fiscal year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.98%. Matson's payout ratio 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.