WINTON GROUP Ltd Has $679,000 Stake in Matson, Inc. (NYSE:MATX)

WINTON GROUP Ltd trimmed its position in shares of Matson, Inc. (NYSE:MATX - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,035 shares of the shipping company's stock after selling 2,115 shares during the period. WINTON GROUP Ltd's holdings in Matson were worth $679,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new position in shares of Matson during the fourth quarter valued at $40,000. U S Global Investors Inc. purchased a new position in Matson during the 4th quarter valued at about $111,000. Smartleaf Asset Management LLC grew its stake in Matson by 339.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 901 shares of the shipping company's stock valued at $122,000 after acquiring an additional 696 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of Matson by 31.4% in the 4th quarter. Rothschild Investment LLC now owns 1,059 shares of the shipping company's stock valued at $143,000 after purchasing an additional 253 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Matson by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company's stock worth $166,000 after purchasing an additional 133 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Matson

In related news, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction 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 owns 8,425 shares in the company, valued at $1,155,151.75. This trade represents a 19.16 % decrease in their position. 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 the company's stock in a transaction dated 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 sale, the executive vice president now owns 25,192 shares of the company's stock, 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. 2.05% of the stock is currently owned by corporate insiders.

Remove Ads

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Matson from $150.00 to $160.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Stephens upped their price target 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.

Matson Stock Down 11.6 %

Shares of NYSE MATX traded down $15.37 during trading hours on Thursday, hitting $116.84. The stock had a trading volume of 97,893 shares, compared to its average volume of 321,799. The company has a market capitalization of $3.84 billion, a P/E ratio of 9.72 and a beta of 1.12. The firm's 50-day moving average price is $136.52 and its two-hundred day moving average price is $141.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. Matson, Inc. has a 52 week low of $100.50 and a 52 week high of $169.12.

Matson (NYSE:MATX - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share 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 business had revenue of $890.30 million for the quarter, compared to the consensus estimate of $851.78 million. Analysts anticipate that Matson, Inc. will post 13.27 EPS for the current fiscal year.

Matson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th were given a $0.34 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.16%. Matson's dividend payout ratio is currently 9.69%.

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.