American Century Companies Inc. Acquires 106,490 Shares of Matson, Inc. (NYSE:MATX)

American Century Companies Inc. boosted its position in shares of Matson, Inc. (NYSE:MATX - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,086,932 shares of the shipping company's stock after purchasing an additional 106,490 shares during the period. American Century Companies Inc. owned 3.27% of Matson worth $146,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MATX. Virtu Financial LLC bought a new stake in Matson in the fourth quarter worth approximately $203,000. Magnetar Financial LLC acquired a new stake in shares of Matson in the 4th quarter valued at $451,000. Teacher Retirement System of Texas boosted its holdings in Matson by 37.7% in the fourth quarter. Teacher Retirement System of Texas now owns 22,804 shares of the shipping company's stock worth $3,075,000 after purchasing an additional 6,249 shares in the last quarter. Xponance Inc. increased its position in Matson by 7.4% during the fourth quarter. Xponance Inc. now owns 2,654 shares of the shipping company's stock worth $358,000 after buying an additional 184 shares during the last quarter. Finally, Boston Partners raised its holdings in Matson by 5.0% during the fourth quarter. Boston Partners now owns 182,570 shares of the shipping company's stock valued at $24,707,000 after buying an additional 8,704 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

Insider Transactions at Matson

In other news, EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.73, for a total transaction of $1,075,819.05. Following the sale, the executive vice president now owns 25,192 shares of the company's stock, valued at approximately $3,394,118.16. This trade represents a 24.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Richard S. Kinney sold 1,997 shares of the business'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 value of $273,808.67. Following the sale, the senior vice president now owns 8,425 shares in the company, valued at approximately $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. 2.05% of the stock is currently owned by corporate insiders.

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Matson Stock Performance

MATX traded up $0.90 during trading on Wednesday, hitting $133.07. The stock had a trading volume of 162,467 shares, compared to its average volume of 265,415. 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, Inc. has a 12 month low of $100.50 and a 12 month high of $169.12. The company has a 50 day simple moving average of $137.38 and a 200-day simple moving average of $141.03. The firm has a market cap of $4.37 billion, a PE ratio of 11.07 and a beta of 1.05.

Matson (NYSE:MATX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 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 business had revenue of $890.30 million for the quarter, compared to analyst estimates of $851.78 million. Analysts expect that Matson, Inc. will post 13.27 EPS for the current year.

Matson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.02%. Matson's dividend payout ratio is 9.69%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MATX shares. Stephens upped their price target 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 upped their target price on Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th.

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.