Mercer Global Advisors Inc. ADV Has $447,000 Holdings in Matson, Inc. (NYSE:MATX)

Mercer Global Advisors Inc. ADV grew its holdings in shares of Matson, Inc. (NYSE:MATX) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,414 shares of the shipping company’s stock after purchasing an additional 201 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Matson were worth $447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Matson by 5.7% during the first quarter. Vanguard Group Inc. now owns 3,984,076 shares of the shipping company’s stock worth $447,810,000 after buying an additional 215,452 shares during the period. Jupiter Asset Management Ltd. lifted its position in Matson by 3,509.3% during the first quarter. Jupiter Asset Management Ltd. now owns 188,910 shares of the shipping company’s stock valued at $21,233,000 after purchasing an additional 183,676 shares during the last quarter. Norges Bank bought a new stake in shares of Matson in the 4th quarter worth approximately $10,295,000. First Trust Advisors LP lifted its holdings in shares of Matson by 25.5% in the 4th quarter. First Trust Advisors LP now owns 293,163 shares of the shipping company’s stock worth $32,131,000 after acquiring an additional 59,652 shares during the last quarter. Finally, LSV Asset Management raised its holdings in Matson by 18.1% during the 1st quarter. LSV Asset Management now owns 282,763 shares of the shipping company’s stock valued at $31,783,000 after buying an additional 43,324 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Activity

In related news, SVP Laura L. Rascon sold 744 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $129.13, for a total value of $96,072.72. Following the completion of the transaction, the senior vice president now directly owns 12,369 shares in the company, valued at $1,597,208.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Matson news, SVP Jason Lee Taylor sold 1,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $135.73, for a total transaction of $135,730.00. Following the transaction, the senior vice president now owns 9,392 shares of the company’s stock, valued at approximately $1,274,776.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Laura L. Rascon sold 744 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $129.13, for a total value of $96,072.72. Following the completion of the sale, the senior vice president now owns 12,369 shares in the company, valued at $1,597,208.97. The disclosure for this sale can be found here. Insiders have sold 87,592 shares of company stock worth $11,389,694 over the last three months. 2.32% of the stock is currently owned by corporate insiders.

Matson Stock Up 0.2 %

Shares of NYSE:MATX opened at $141.93 on Friday. The business has a 50-day moving average price of $132.59 and a 200 day moving average price of $122.36. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 16.74 and a beta of 1.07. Matson, Inc. has a 12-month low of $82.68 and a 12-month high of $144.90.

Matson (NYSE:MATX) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $3.31 EPS for the quarter, topping the consensus estimate of $3.05 by $0.26. The company had revenue of $847.40 million for the quarter, compared to analyst estimates of $861.68 million. Matson had a return on equity of 13.87% and a net margin of 10.41%. Sell-side analysts expect that Matson, Inc. will post 11.45 EPS for the current year.

Wall Street Analyst Weigh In

MATX has been the topic of several recent analyst reports. Stephens increased their price objective on shares of Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. StockNews.com cut shares of Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th.

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.