Three Seasons Wealth LLC Buys Shares of 3,063 Matson, Inc. (NYSE:MATX)

Three Seasons Wealth LLC bought a new position in shares of Matson, Inc. (NYSE:MATX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,063 shares of the shipping company's stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MATX. Bessemer Group Inc. raised its holdings in shares of Matson by 67.7% in the fourth quarter. Bessemer Group Inc. now owns 213 shares of the shipping company's stock valued at $29,000 after purchasing an additional 86 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Matson during the fourth quarter worth $30,000. IFP Advisors Inc acquired a new position in Matson during the fourth quarter worth $40,000. Covestor Ltd increased its holdings in Matson by 16.3% during the fourth quarter. Covestor Ltd now owns 586 shares of the shipping company's stock worth $79,000 after buying an additional 82 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new position in Matson during the fourth quarter worth $111,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MATX has been the topic of a number of recent analyst reports. Stephens boosted their target price on shares of Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on shares of Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Wednesday, February 26th.

Matson Stock Performance

MATX stock traded up $4.27 during midday trading on Monday, reaching $106.65. 681,689 shares of the company were exchanged, compared to its average volume of 306,438. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average price of $122.44 and a two-hundred day moving average price of $136.51. Matson, Inc. has a one year low of $92.90 and a one year high of $169.12. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 8.87 and a beta of 1.12.

Matson (NYSE:MATX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 earnings per share 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 business had revenue of $890.30 million during the quarter, compared to analysts' expectations of $851.78 million. Equities research analysts forecast that Matson, Inc. will post 13.27 EPS for the current year.

Matson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.36 annualized dividend and a dividend yield of 1.28%. Matson's dividend payout ratio is presently 9.69%.

Insider Transactions at Matson

In related news, SVP Richard S. Kinney sold 1,997 shares of Matson 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 transaction, the senior vice president now directly owns 8,425 shares of the company's stock, valued at $1,155,151.75. This trade represents a 19.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 25,192 shares in the company, valued at $3,394,118.16. This trade represents a 24.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.