Boston Partners Raises Position in Matson, Inc. (NYSE:MATX)

Boston Partners raised its stake in shares of Matson, Inc. (NYSE:MATX - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 182,570 shares of the shipping company's stock after buying an additional 8,704 shares during the period. Boston Partners owned about 0.55% of Matson worth $24,707,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Investment Counsel Inc. grew its position in shares of Matson by 4.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,766 shares of the shipping company's stock valued at $238,000 after acquiring an additional 76 shares during the period. Natixis Advisors LLC grew its holdings in Matson by 0.5% during the third quarter. Natixis Advisors LLC now owns 16,217 shares of the shipping company's stock valued at $2,313,000 after purchasing an additional 78 shares during the period. Nisa Investment Advisors LLC grew its holdings in Matson by 0.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company's stock valued at $2,244,000 after purchasing an additional 80 shares during the period. Inspire Investing LLC increased its position in Matson by 2.9% in the fourth quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company's stock worth $401,000 after buying an additional 85 shares in the last quarter. Finally, Caprock Group LLC raised its stake in shares of Matson by 4.2% in the third quarter. Caprock Group LLC now owns 2,283 shares of the shipping company's stock worth $326,000 after buying an additional 91 shares during the period. 84.76% of the stock is owned by institutional investors.

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Insider Buying and Selling at Matson

In related news, EVP John P. Lauer sold 7,985 shares of the business'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 sale, the executive vice president now owns 25,192 shares in the company, valued at approximately $3,394,118.16. The trade was a 24.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Richard S. Kinney sold 1,997 shares of the company'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 in the company, valued at approximately $1,155,151.75. The trade was a 19.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.05% of the company's stock.

Matson Price Performance

Shares of NYSE:MATX traded up $0.04 during trading on Tuesday, hitting $132.36. 226,816 shares of the company's stock were exchanged, compared to its average volume of 265,452. The business's 50-day simple moving average is $137.76 and its 200 day simple moving average is $141.04. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 11.01 and a beta of 1.05. Matson, Inc. has a 52-week low of $100.50 and a 52-week high of $169.12. 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 Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.60. The business had revenue of $890.30 million during the quarter, compared to analyst estimates of $851.78 million. Matson had a net margin of 12.37% and a return on equity of 16.89%. As a group, equities analysts predict that Matson, Inc. will post 13.27 EPS for the current year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, February 6th. Matson's payout ratio is currently 9.69%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted 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. Stephens upped their price target 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.

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.