One Wealth Advisors LLC Takes Position in Matson, Inc. (NYSE:MATX)

One Wealth Advisors LLC acquired a new stake in shares of Matson, Inc. (NYSE:MATX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,912 shares of the shipping company's stock, valued at approximately $258,000.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Matson by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company's stock valued at $40,927,000 after buying an additional 26,366 shares during the last quarter. Intech Investment Management LLC boosted its stake in Matson by 43.5% during the 3rd quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company's stock valued at $2,051,000 after purchasing an additional 4,361 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Matson by 142.5% in the 3rd quarter. Quest Partners LLC now owns 10,346 shares of the shipping company's stock worth $1,476,000 after purchasing an additional 6,080 shares in the last quarter. Summit Global Investments raised its stake in shares of Matson by 78.0% in the third quarter. Summit Global Investments now owns 10,425 shares of the shipping company's stock worth $1,487,000 after purchasing an additional 4,567 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Matson by 7.5% during the third quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company's stock valued at $1,437,000 after purchasing an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company's stock.

Matson Stock Performance

Shares of NYSE MATX traded down $0.06 during midday trading on Friday, hitting $136.14. 240,821 shares of the stock traded hands, compared to its average volume of 232,313. The firm has a market capitalization of $4.52 billion, a P/E ratio of 11.33 and a beta of 1.05. Matson, Inc. has a one year low of $100.50 and a one year high of $169.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day moving average of $140.95 and a two-hundred day moving average of $139.74.

Matson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, February 6th. Matson's dividend payout ratio is 11.31%.

Insiders Place Their Bets

In related news, EVP Rusty K. Rolfe sold 3,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total value of $497,910.00. Following the transaction, the executive vice president now directly owns 21,871 shares of the company's stock, valued at approximately $3,629,929.87. This trade represents a 12.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Warren Sullivan sold 750 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $165.50, for a total value of $124,125.00. Following the sale, the senior vice president now directly owns 12,745 shares of the company's stock, valued at $2,109,297.50. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.32% of the company's stock.

Wall Street Analyst Weigh In

MATX has been the subject of several research analyst reports. Wolfe Research downgraded Matson from an "outperform" rating to a "peer perform" rating in a report on Monday, November 18th. Stephens reaffirmed an "overweight" rating and set a $165.00 price target on shares of Matson in a report on Thursday, January 2nd.

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.