LSV Asset Management Has $33.14 Million Stake in Matson, Inc. (NYSE:MATX)

LSV Asset Management reduced its position in shares of Matson, Inc. (NYSE:MATX - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,763 shares of the shipping company's stock after selling 6,800 shares during the quarter. LSV Asset Management owned 0.74% of Matson worth $33,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bessemer Group Inc. lifted its position in shares of Matson by 67.7% in the fourth quarter. Bessemer Group Inc. now owns 213 shares of the shipping company's stock worth $29,000 after purchasing an additional 86 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Matson in the 4th quarter valued at approximately $4,328,000. Capula Management Ltd acquired a new position in Matson in the 4th quarter valued at approximately $306,000. Bristol Gate Capital Partners Inc. purchased a new stake in Matson in the 4th quarter worth approximately $202,000. Finally, Invesco Ltd. boosted its stake in shares of Matson by 45.7% during the 4th quarter. Invesco Ltd. now owns 346,589 shares of the shipping company's stock valued at $46,734,000 after buying an additional 108,774 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Insiders Place Their Bets

In other Matson news, EVP John P. Lauer sold 7,985 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.73, for a total transaction of $1,075,819.05. Following the completion of the sale, the executive vice president now directly owns 25,192 shares in the company, valued at $3,394,118.16. This represents a 24.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $137.11, for a total value of $273,808.67. Following the completion of the transaction, the senior vice president now owns 8,425 shares in the company, valued at $1,155,151.75. The trade was a 19.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.05% of the company's stock.

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Matson Stock Down 2.1 %

Shares of MATX traded down $2.18 during mid-day trading on Tuesday, hitting $100.36. 509,453 shares of the company's stock were exchanged, compared to its average volume of 297,678. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. Matson, Inc. has a twelve month low of $98.84 and a twelve month high of $169.12. The firm has a fifty day moving average of $130.16 and a two-hundred day moving average of $138.92. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 8.35 and a beta of 1.12.

Matson (NYSE:MATX - Get Free Report) last posted its earnings results on Tuesday, February 25th. The shipping company reported $3.80 EPS for the quarter, topping the consensus estimate of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. The firm had revenue of $890.30 million for the quarter, compared to the consensus estimate of $851.78 million. On average, sell-side analysts forecast that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MATX. Stifel Nicolaus upped their price target on shares of Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Stephens raised 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.

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.