Linden Thomas Advisory Services LLC Has $2.70 Million Stock Position in Matson, Inc. (NYSE:MATX)

Linden Thomas Advisory Services LLC raised its position in Matson, Inc. (NYSE:MATX) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,676 shares of the shipping company’s stock after buying an additional 680 shares during the period. Matson accounts for about 0.5% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 29th biggest position. Linden Thomas Advisory Services LLC’s holdings in Matson were worth $2,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Preferred LLC bought a new position in shares of Matson in the fourth quarter valued at about $1,958,000. O Shaughnessy Asset Management LLC increased its position in Matson by 105.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 37,379 shares of the shipping company’s stock valued at $3,316,000 after acquiring an additional 19,149 shares in the last quarter. Dark Forest Capital Management LP raised its stake in shares of Matson by 317.4% in the third quarter. Dark Forest Capital Management LP now owns 24,763 shares of the shipping company’s stock worth $2,197,000 after acquiring an additional 18,830 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Matson by 25.4% during the third quarter. Envestnet Asset Management Inc. now owns 60,648 shares of the shipping company’s stock worth $5,381,000 after purchasing an additional 12,285 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Matson by 178.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,311 shares of the shipping company’s stock valued at $826,000 after purchasing an additional 5,973 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Trading Up 0.1 %

MATX stock traded up $0.11 during trading on Tuesday, hitting $107.63. The company had a trading volume of 135,530 shares, compared to its average volume of 264,497. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $110.29 and a 200-day moving average price of $104.98. Matson, Inc. has a 12 month low of $61.51 and a 12 month high of $122.99. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 12.83 and a beta of 1.12.

Matson (NYSE:MATX) last issued its earnings results on Tuesday, February 20th. The shipping company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.75 by $0.03. The company had revenue of $788.90 million during the quarter, compared to analysts’ expectations of $733.60 million. Matson had a net margin of 9.60% and a return on equity of 12.71%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 EPS. As a group, analysts predict that Matson, Inc. will post 8.2 earnings per share for the current year.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 8th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, February 7th. Matson’s payout ratio is 15.27%.

Insider Buying and Selling at Matson

In other Matson news, SVP Christopher A. Scott sold 1,171 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total transaction of $126,268.93. Following the completion of the sale, the senior vice president now owns 12,958 shares in the company, valued at approximately $1,397,261.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MATX. StockNews.com upgraded shares of Matson from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on shares of Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st.

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.