Matson, Inc. (MATX) Position Increased by UBS Group AG

UBS Group AG increased its position in shares of Matson, Inc. (NYSE:MATX) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,019 shares of the shipping company’s stock after buying an additional 495 shares during the period. UBS Group AG’s holdings in Matson were worth $127,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its position in Matson by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 4,760 shares of the shipping company’s stock worth $151,000 after buying an additional 110 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Matson by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,790 shares of the shipping company’s stock worth $311,000 after buying an additional 130 shares during the period. Louisiana State Employees Retirement System increased its position in Matson by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the shipping company’s stock worth $559,000 after buying an additional 400 shares during the period. Arizona State Retirement System increased its position in Matson by 1.8% in the first quarter. Arizona State Retirement System now owns 22,485 shares of the shipping company’s stock worth $714,000 after buying an additional 400 shares during the period. Finally, Bank of Montreal Can increased its position in Matson by 10.9% in the first quarter. Bank of Montreal Can now owns 4,419 shares of the shipping company’s stock worth $140,000 after buying an additional 434 shares during the period. 83.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Matson, Inc. (MATX) traded down 0.37% on Friday, reaching $29.28. 215,436 shares of the company’s stock traded hands. The company has a 50 day moving average of $29.65 and a 200-day moving average of $31.55. The stock has a market capitalization of $1.26 billion, a PE ratio of 16.82 and a beta of 1.13. Matson, Inc. has a 52 week low of $27.90 and a 52 week high of $43.00.

Matson (NYSE:MATX) last released its quarterly earnings results on Monday, July 31st. The shipping company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.44 by $0.11. The business had revenue of $512.50 million during the quarter, compared to analyst estimates of $495.19 million. Matson had a net margin of 3.76% and a return on equity of 16.10%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Equities research analysts forecast that Matson, Inc. will post $1.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.80 annualized dividend and a dividend yield of 2.73%. This is a positive change from Matson’s previous quarterly dividend of $0.19. Matson’s dividend payout ratio is currently 46.24%.

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A number of research firms recently commented on MATX. Zacks Investment Research raised shares of Matson from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, August 3rd. Stephens set a $40.00 price objective on shares of Matson and gave the stock a “buy” rating in a research report on Saturday, June 10th. BidaskClub downgraded shares of Matson from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, TheStreet downgraded shares of Matson from a “b-” rating to a “c+” rating in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.00.

In other news, Director Stanley M. Kuriyama purchased 3,300 shares of the stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $29.75 per share, for a total transaction of $98,175.00. Following the completion of the transaction, the director now owns 32,932 shares of the company’s stock, valued at $979,727. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Blake Baird sold 2,578 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $29.98, for a total transaction of $77,288.44. Following the transaction, the director now owns 15,583 shares of the company’s stock, valued at approximately $467,178.34. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Matson, Inc is a transportation company in the Marine industry.

Institutional Ownership by Quarter for Matson (NYSE:MATX)

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