Invesco Ltd. increased its stake in shares of Matson, Inc. (NYSE:MATX - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 346,589 shares of the shipping company's stock after buying an additional 108,774 shares during the quarter. Invesco Ltd. owned about 1.04% of Matson worth $46,734,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in Matson in the 4th quarter valued at about $30,000. IFP Advisors Inc acquired a new position in shares of Matson in the 4th quarter valued at $40,000. U S Global Investors Inc. purchased a new position in shares of Matson during the 4th quarter worth $111,000. Smartleaf Asset Management LLC raised its holdings in Matson by 339.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 901 shares of the shipping company's stock valued at $122,000 after buying an additional 696 shares during the period. Finally, Rothschild Investment LLC lifted its position in Matson by 31.4% in the fourth quarter. Rothschild Investment LLC now owns 1,059 shares of the shipping company's stock valued at $143,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company's stock.
Insider Transactions at Matson
In other Matson news, EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction dated Thursday, March 6th. The stock was 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. The trade was a 24.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Richard S. Kinney sold 1,997 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 8,425 shares of the company's stock, valued at $1,155,151.75. This represents a 19.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Stephens raised their price target on Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Stifel Nicolaus increased their price objective on Matson from $150.00 to $160.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th.
Read Our Latest Analysis on MATX
Matson Stock Performance
Shares of NYSE MATX traded down $2.88 during trading hours on Monday, reaching $95.44. The stock had a trading volume of 18,067 shares, compared to its average volume of 299,172. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 7.96 and a beta of 1.12. Matson, Inc. has a fifty-two week low of $93.87 and a fifty-two week high of $169.12. The firm has a 50-day moving average of $126.99 and a 200-day moving average of $137.76. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.
Matson (NYSE:MATX - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.20 by $0.60. Matson had a return on equity of 16.89% and a net margin of 12.37%. The firm had revenue of $890.30 million for the quarter, compared to analyst estimates of $851.78 million. Equities research analysts predict that Matson, Inc. will post 13.27 earnings per share for the current year.
Matson Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, February 6th. Matson's dividend payout ratio is currently 9.69%.
Matson Profile
(
Free Report)
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.
Featured Articles
Before you consider Matson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Matson wasn't on the list.
While Matson currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
