One Wealth Advisors LLC Takes Position in Matson, Inc. (NYSE:MATX)

One Wealth Advisors LLC bought a new stake in shares of Matson, Inc. (NYSE:MATX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,912 shares of the shipping company’s stock, valued at approximately $258,000.

Several other large investors have also recently modified their holdings of the stock. Natixis Advisors LLC grew its holdings in Matson by 0.5% during the third quarter. Natixis Advisors LLC now owns 16,217 shares of the shipping company’s stock worth $2,313,000 after acquiring an additional 78 shares during the period. Nisa Investment Advisors LLC grew its holdings in Matson by 0.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company’s stock worth $2,244,000 after acquiring an additional 80 shares during the period. Inspire Investing LLC grew its holdings in Matson by 2.9% during the fourth quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company’s stock worth $401,000 after acquiring an additional 85 shares during the period. Caprock Group LLC grew its holdings in Matson by 4.2% during the third quarter. Caprock Group LLC now owns 2,283 shares of the shipping company’s stock worth $326,000 after acquiring an additional 91 shares during the period. Finally, First Trust Direct Indexing L.P. grew its holdings in Matson by 6.9% during the third quarter. First Trust Direct Indexing L.P. now owns 1,663 shares of the shipping company’s stock worth $237,000 after acquiring an additional 107 shares during the period. Institutional investors own 84.76% of the company’s stock.

Insider Buying and Selling at Matson

In other news, EVP Peter T. Heilmann sold 5,404 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $162.36, for a total value of $877,393.44. Following the transaction, the executive vice president now owns 32,952 shares in the company, valued at $5,350,086.72. This trade represents a 14.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Leonard P. Isotoff sold 492 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $161.26, for a total value of $79,339.92. Following the completion of the transaction, the senior vice president now owns 4,254 shares in the company, valued at approximately $686,000.04. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,646 shares of company stock valued at $1,578,768. Company insiders own 2.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MATX. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens reissued an “overweight” rating and issued a $165.00 price objective on shares of Matson in a report on Thursday, January 2nd.

Matson Stock Down 3.9 %

Shares of MATX opened at $136.32 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Matson, Inc. has a 12 month low of $100.50 and a 12 month high of $169.12. The stock’s 50 day moving average is $142.47 and its two-hundred day moving average is $139.69. The firm has a market cap of $4.53 billion, a P/E ratio of 11.34 and a beta of 1.05.

Matson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued a $0.34 dividend. 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 payout ratio is currently 11.31%.

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.