Matson, Inc. (NYSE:MATX) Stock Holdings Lifted by Evergreen Capital Management LLC

Evergreen Capital Management LLC grew its position in Matson, Inc. (NYSE:MATX) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,126 shares of the shipping company’s stock after acquiring an additional 231 shares during the quarter. Evergreen Capital Management LLC’s holdings in Matson were worth $671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. TruNorth Capital Management LLC acquired a new position in Matson in the second quarter worth approximately $27,000. Redwood Wealth Management Group LLC acquired a new position in shares of Matson during the 2nd quarter worth $34,000. Security National Bank bought a new position in shares of Matson during the 4th quarter valued at $36,000. International Assets Investment Management LLC acquired a new stake in shares of Matson in the 2nd quarter valued at $39,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Matson in the first quarter worth $71,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com cut Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. Stephens upped their target price on Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd.

Insider Buying and Selling

In other Matson news, CFO Joel M. Wine sold 12,821 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $123.24, for a total value of $1,580,060.04. Following the sale, the chief financial officer now directly owns 126,418 shares in the company, valued at approximately $15,579,754.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Jason Lee Taylor sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $135.73, for a total value of $135,730.00. Following the completion of the transaction, the senior vice president now directly owns 9,392 shares of the company’s stock, valued at $1,274,776.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joel M. Wine sold 12,821 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $123.24, for a total transaction of $1,580,060.04. Following the completion of the sale, the chief financial officer now directly owns 126,418 shares in the company, valued at approximately $15,579,754.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,435 shares of company stock valued at $12,413,519. 2.32% of the stock is owned by company insiders.

Matson Trading Up 0.1 %

Shares of NYSE:MATX opened at $142.79 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50-day moving average is $132.04 and its 200-day moving average is $121.99. The company has a market cap of $4.79 billion, a P/E ratio of 16.84 and a beta of 1.07. Matson, Inc. has a 52-week low of $82.68 and a 52-week high of $143.66.

Matson (NYSE:MATX) last released its earnings results on Thursday, August 1st. The shipping company reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.26. Matson had a return on equity of 13.87% and a net margin of 10.41%. The firm had revenue of $847.40 million for the quarter, compared to analyst estimates of $861.68 million. Equities research analysts predict that Matson, Inc. will post 11.45 earnings per share for the current year.

Matson Company 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.