Vest Financial LLC Buys 6,983 Shares of Matson, Inc. (NYSE:MATX)

Vest Financial LLC increased its position in shares of Matson, Inc. (NYSE:MATX) by 64.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,836 shares of the shipping company’s stock after buying an additional 6,983 shares during the quarter. Vest Financial LLC owned 0.05% of Matson worth $2,405,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MATX. Harbor Capital Advisors Inc. bought a new stake in shares of Matson in the third quarter worth $50,000. DekaBank Deutsche Girozentrale acquired a new stake in Matson in the 3rd quarter valued at $92,000. GAMMA Investing LLC lifted its position in Matson by 45.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,096 shares of the shipping company’s stock worth $156,000 after buying an additional 343 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Matson by 1,661.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock worth $156,000 after buying an additional 1,030 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Matson by 80.4% in the 3rd quarter. CWM LLC now owns 1,198 shares of the shipping company’s stock valued at $171,000 after acquiring an additional 534 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at Matson

In other news, SVP John Warren Sullivan sold 750 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $165.50, for a total value of $124,125.00. Following the completion of the sale, the senior vice president now owns 12,745 shares of the company’s stock, valued at approximately $2,109,297.50. The trade was a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rusty K. Rolfe sold 3,000 shares of Matson stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total transaction of $497,910.00. Following the completion of the sale, the executive vice president now owns 21,871 shares of the company’s stock, valued at $3,629,929.87. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company’s stock.

Matson Trading Down 0.0 %

Shares of NYSE:MATX opened at $136.14 on Friday. Matson, Inc. has a 52-week low of $100.50 and a 52-week high of $169.12. 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 $4.52 billion, a P/E ratio of 11.33 and a beta of 1.05. The company has a 50-day simple moving average of $140.61 and a 200 day simple moving average of $139.79.

Matson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 6th. Matson’s dividend payout ratio is 11.31%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $165.00 target price on shares of Matson in a report on Thursday, January 2nd. Wolfe Research downgraded Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th.

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.