O Shaughnessy Asset Management LLC Grows Stock Holdings in Matson, Inc. (NYSE:MATX)

O Shaughnessy Asset Management LLC increased its position in shares of Matson, Inc. (NYSE:MATX - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,367 shares of the shipping company's stock after purchasing an additional 8,462 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.18% of Matson worth $7,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MATX. Johnson Investment Counsel Inc. grew its position in Matson by 4.5% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,766 shares of the shipping company's stock valued at $238,000 after buying an additional 76 shares during the period. Nisa Investment Advisors LLC boosted its stake in Matson by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company's stock valued at $2,244,000 after acquiring an additional 80 shares during the last quarter. Inspire Investing LLC grew its position in shares of Matson by 2.9% during the 4th quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company's stock valued at $401,000 after acquiring an additional 85 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Matson by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 28,170 shares of the shipping company's stock worth $3,798,000 after purchasing an additional 100 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Matson by 12.1% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company's stock worth $166,000 after purchasing an additional 133 shares during the period. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

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Matson Stock Performance

MATX traded down $2.94 on Friday, hitting $112.26. The company's stock had a trading volume of 433,110 shares, compared to its average volume of 285,191. The company's 50 day simple moving average is $135.57 and its 200-day simple moving average is $140.91. 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 12 month low of $100.50 and a 12 month high of $169.12. The firm has a market cap of $3.69 billion, a P/E ratio of 9.34 and a beta of 1.12.

Matson (NYSE:MATX - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $890.30 million during the quarter, compared to analyst estimates of $851.78 million. Analysts forecast that Matson, Inc. will post 13.27 EPS for the current year.

Matson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, February 6th. Matson's payout ratio is presently 9.69%.

Analyst Upgrades and Downgrades

MATX has been the subject of a number of recent research reports. Stifel Nicolaus raised 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. Stephens increased 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.

Insider Activity

In related news, SVP Richard S. Kinney sold 1,997 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $137.11, for a total transaction of $273,808.67. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John P. Lauer sold 7,985 shares of the firm's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 25,192 shares in the company, valued at approximately $3,394,118.16. The trade was a 24.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.05% of the company's stock.

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.