Matson, Inc. (NYSE:MATX) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Matson, Inc. (NYSE:MATX) by 16.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,509 shares of the shipping company’s stock after acquiring an additional 639 shares during the period. Quantinno Capital Management LP’s holdings in Matson were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC lifted its position in shares of Matson by 58.1% during the second quarter. CWM LLC now owns 664 shares of the shipping company’s stock worth $87,000 after purchasing an additional 244 shares in the last quarter. SG Americas Securities LLC boosted its position in Matson by 164.4% in the 2nd quarter. SG Americas Securities LLC now owns 4,272 shares of the shipping company’s stock valued at $560,000 after buying an additional 2,656 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Matson by 226.9% during the second quarter. Blue Trust Inc. now owns 595 shares of the shipping company’s stock valued at $78,000 after acquiring an additional 413 shares in the last quarter. Raymond James & Associates increased its position in shares of Matson by 17.9% during the second quarter. Raymond James & Associates now owns 18,877 shares of the shipping company’s stock worth $2,472,000 after acquiring an additional 2,866 shares during the last quarter. Finally, Paradiem LLC lifted its stake in shares of Matson by 22.2% in the second quarter. Paradiem LLC now owns 86,162 shares of the shipping company’s stock worth $11,285,000 after acquiring an additional 15,660 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Insider Activity

In related news, SVP John Warren Sullivan sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $165.50, for a total transaction of $124,125.00. Following the completion of the transaction, the senior vice president now owns 12,745 shares in the company, valued at $2,109,297.50. The trade was a 5.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Cox sold 6,499 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $143.82, for a total value of $934,686.18. Following the completion of the sale, the chief executive officer now directly owns 208,898 shares in the company, valued at $30,043,710.36. This represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,145 shares of company stock valued at $2,513,455. Company insiders own 2.32% of the company’s stock.

Matson Stock Up 0.2 %

NYSE:MATX opened at $146.22 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. The company 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 one year low of $98.80 and a one year high of $169.12. The stock has a 50-day simple moving average of $147.86 and a 200 day simple moving average of $136.33.

Matson (NYSE:MATX) last issued its quarterly earnings results on Wednesday, October 30th. The shipping company reported $5.89 earnings per share for the quarter, beating 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 business had revenue of $962.00 million during the quarter, compared to the consensus estimate of $965.73 million. During the same period in the previous year, the business earned $3.40 EPS. The business’s quarterly 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 fiscal year.

Matson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 7th were given a $0.34 dividend. The ex-dividend date 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 currently 11.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Wolfe Research downgraded shares of 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.