World Investment Advisors LLC Buys New Shares in Matson, Inc. (NYSE:MATX)

World Investment Advisors LLC bought a new stake in Matson, Inc. (NYSE:MATX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,529 shares of the shipping company's stock, valued at approximately $3,641,000. World Investment Advisors LLC owned about 0.08% of Matson as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Redwood Wealth Management Group LLC bought a new stake in Matson during the second quarter worth $34,000. International Assets Investment Management LLC bought a new stake in shares of Matson in the 2nd quarter valued at about $39,000. Harbor Capital Advisors Inc. acquired a new stake in Matson in the 3rd quarter valued at about $50,000. Blue Trust Inc. grew its holdings in Matson by 226.9% during the second quarter. Blue Trust Inc. now owns 595 shares of the shipping company's stock worth $78,000 after purchasing an additional 413 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in Matson during the second quarter worth approximately $79,000. Institutional investors own 84.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Matson from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 6th. Wolfe Research downgraded Matson from an "outperform" rating to a "peer perform" rating in a report on Monday, November 18th.

Insider Transactions at Matson

In other Matson news, CEO Matthew J. Cox sold 6,499 shares of the business's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $143.82, for a total transaction of $934,686.18. Following the completion of the transaction, the chief executive officer now directly owns 208,898 shares in the company, valued at $30,043,710.36. The trade was a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Leonard P. Isotoff sold 492 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $161.26, for a total value of $79,339.92. Following the sale, the senior vice president now owns 4,254 shares of the company's stock, valued at approximately $686,000.04. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,145 shares of company stock valued at $2,513,455. 2.32% of the stock is currently owned by company insiders.

Matson Stock Performance

Shares of NYSE MATX traded up $0.32 during trading hours on Friday, reaching $146.22. 150,086 shares of the stock were exchanged, compared to its average volume of 272,311. The stock's fifty day simple moving average is $147.68 and its 200 day simple moving average is $136.06. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 12.16 and a beta of 1.04. Matson, Inc. has a 52 week low of $98.80 and a 52 week 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.

Matson (NYSE:MATX - Get Free Report) last posted its earnings results on Wednesday, October 30th. The shipping company reported $5.89 earnings per share for the quarter, topping analysts' consensus estimates of $4.98 by $0.91. Matson had a return on equity of 16.89% and a net margin of 12.37%. The company had revenue of $962.00 million during the quarter, compared to the consensus estimate of $965.73 million. During the same quarter last year, the firm earned $3.40 earnings per share. The company's revenue was up 16.3% on a year-over-year basis. Sell-side analysts predict that Matson, Inc. will post 13.19 EPS for the current year.

Matson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 7th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.93%. Matson's payout ratio is presently 11.31%.

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.