Vest Financial LLC Has $2.41 Million Holdings in Matson, Inc. (NYSE:MATX)

Vest Financial LLC raised its holdings in shares of Matson, Inc. (NYSE:MATX - Free Report) by 64.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,836 shares of the shipping company's stock after purchasing an additional 6,983 shares during the period. Vest Financial LLC owned about 0.05% of Matson worth $2,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Harbor Capital Advisors Inc. acquired a new stake in Matson in the third quarter worth $50,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Matson in the 3rd quarter worth about $92,000. GAMMA Investing LLC lifted its position in Matson by 45.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,096 shares of the shipping company's stock valued at $156,000 after purchasing an additional 343 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Matson by 1,661.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company's stock valued at $156,000 after purchasing an additional 1,030 shares during the period. Finally, CWM LLC grew its position in Matson by 80.4% in the 3rd quarter. CWM LLC now owns 1,198 shares of the shipping company's stock worth $171,000 after purchasing an additional 534 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Matson Price Performance

Shares of Matson stock traded down $0.56 on Wednesday, hitting $141.51. The company had a trading volume of 252,168 shares, compared to its average volume of 243,699. Matson, Inc. has a 52 week low of $100.50 and a 52 week high of $169.12. 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 company has a market cap of $4.70 billion, a PE ratio of 11.77 and a beta of 1.05. The business has a 50-day simple moving average of $140.07 and a 200-day simple moving average of $140.12.

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.36 annualized dividend and a yield of 0.96%. Matson's dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MATX. Stephens reiterated an "overweight" rating and set a $165.00 price objective on shares of Matson in a research report on Thursday, January 2nd. Wolfe Research lowered Matson from an "outperform" rating to a "peer perform" rating in a research report on Monday, November 18th.

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.