6,692 Shares in Matson, Inc. (NYSE:MATX) Bought by Versor Investments LP

Versor Investments LP purchased a new position in Matson, Inc. (NYSE:MATX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,692 shares of the shipping company's stock, valued at approximately $902,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Matson by 10.1% in the 3rd 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 in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Matson by 43.5% in the third quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company's stock valued at $2,051,000 after acquiring an additional 4,361 shares in the last quarter. Quest Partners LLC increased its stake in shares of Matson by 142.5% during the third quarter. Quest Partners LLC now owns 10,346 shares of the shipping company's stock valued at $1,476,000 after acquiring an additional 6,080 shares during the period. Summit Global Investments raised its holdings in Matson by 78.0% during 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 in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Matson by 7.5% in the third quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company's stock worth $1,437,000 after purchasing an additional 703 shares during the period. 84.76% of the stock is owned by institutional investors and hedge funds.

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Matson Price Performance

Shares of MATX traded down $3.76 during trading hours on Monday, hitting $140.31. 279,736 shares of the company were exchanged, compared to its average volume of 283,582. The firm has a fifty day simple moving average of $139.74 and a 200-day simple moving average of $141.36. The company has a market capitalization of $4.66 billion, a PE ratio of 11.67 and a beta of 1.05. 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, Inc. has a one year low of $100.50 and a one year high of $169.12.

Matson (NYSE:MATX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 EPS for the quarter, beating analysts' consensus estimates of $3.20 by $0.60. Matson had a net margin of 12.37% and a return on equity of 16.89%. The company had revenue of $890.30 million during the quarter, compared to analyst estimates of $851.78 million. As a group, sell-side analysts predict that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, February 6th. Matson's dividend payout ratio is 9.69%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MATX shares. Stifel Nicolaus boosted their price objective on Matson from $150.00 to $160.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Wolfe Research downgraded shares of Matson from an "outperform" rating to a "peer perform" rating in a report on Monday, November 18th. Finally, Stephens lifted their price objective on shares of Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a research note 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.