Matson, Inc. (NYSE:MATX) Stock Holdings Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Matson, Inc. (NYSE:MATX) by 93.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,234 shares of the shipping company’s stock after purchasing an additional 5,439 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Matson were worth $1,471,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Matson by 10,860.0% in the fourth quarter. International Assets Investment Management LLC now owns 32,880 shares of the shipping company’s stock valued at $3,604,000 after acquiring an additional 32,580 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Matson by 35.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,155 shares of the shipping company’s stock worth $236,000 after purchasing an additional 565 shares during the last quarter. New York State Common Retirement Fund boosted its position in Matson by 20.2% during the 4th quarter. New York State Common Retirement Fund now owns 24,891 shares of the shipping company’s stock valued at $2,728,000 after purchasing an additional 4,182 shares during the period. Atria Wealth Solutions Inc. grew its stake in Matson by 84.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,416 shares of the shipping company’s stock worth $484,000 after buying an additional 2,023 shares during the last quarter. Finally, Natixis Advisors L.P. acquired a new stake in Matson in the fourth quarter worth $1,663,000. Institutional investors own 84.76% of the company’s stock.

Matson Stock Down 2.6 %

Matson stock opened at $134.64 on Wednesday. The company’s 50-day moving average price is $130.57 and its two-hundred day moving average price is $119.65. 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 stock has a market cap of $4.70 billion, a price-to-earnings ratio of 15.88 and a beta of 1.09. Matson, Inc. has a 52 week low of $82.68 and a 52 week high of $138.84.

Matson (NYSE:MATX) last announced its 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 firm had revenue of $847.40 million for the quarter, compared to analysts’ expectations of $861.68 million. Matson had a return on equity of 13.87% and a net margin of 10.41%. On average, analysts expect that Matson, Inc. will post 10.49 EPS for the current fiscal year.

Matson Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 1st will be issued a $0.34 dividend. This is a positive change from Matson’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.36 annualized dividend and a dividend yield of 1.01%. Matson’s dividend payout ratio is 16.04%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MATX. Stephens raised their target price on Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. StockNews.com raised shares of Matson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 29th.

Insider Activity at Matson

In other Matson news, CFO Joel M. Wine sold 12,821 shares of the business’s stock in a transaction dated 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 $15,579,754.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Matthew J. Cox sold 7,843 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $130.54, for a total transaction of $1,023,825.22. Following the completion of the sale, the chief executive officer now directly owns 230,397 shares in the company, valued at $30,076,024.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joel M. Wine sold 12,821 shares of the company’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 completion of the transaction, 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. Insiders sold 103,376 shares of company stock valued at $13,429,390 over the last 90 days. 2.32% of the stock is currently owned by corporate insiders.

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.