Brio Consultants LLC Purchases New Stake in Matson, Inc. (NYSE:MATX)

Brio Consultants LLC purchased a new position in Matson, Inc. (NYSE:MATX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,858 shares of the shipping company’s stock, valued at approximately $251,000.

Other hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC lifted its stake in Matson by 0.5% in 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 lifted its position in shares of Matson by 0.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company’s stock worth $2,244,000 after purchasing an additional 80 shares during the period. Inspire Investing LLC boosted its stake in shares of Matson by 2.9% during the 4th quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company’s stock valued at $401,000 after purchasing an additional 85 shares in the last quarter. Caprock Group LLC increased its position in shares of Matson by 4.2% during the third quarter. Caprock Group LLC now owns 2,283 shares of the shipping company’s stock valued at $326,000 after buying an additional 91 shares during the period. Finally, First Trust Direct Indexing L.P. raised its stake in Matson by 6.9% in the third quarter. First Trust Direct Indexing L.P. now owns 1,663 shares of the shipping company’s stock worth $237,000 after buying an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Price Performance

Shares of MATX opened at $141.98 on Friday. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12. The firm’s 50-day simple moving average is $142.47 and its two-hundred day simple moving average is $139.59. The stock has a market cap of $4.72 billion, a PE ratio of 11.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13.

Matson (NYSE:MATX) last posted its quarterly earnings results on Wednesday, October 30th. The shipping company reported $5.89 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.91. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $965.73 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.40 EPS. Analysts anticipate that Matson, Inc. will post 13.2 earnings per share for the current fiscal year.

Matson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 0.96%. Matson’s payout ratio is presently 11.31%.

Analyst Ratings Changes

A number of research analysts have weighed in on MATX shares. Wolfe Research downgraded Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens reiterated an “overweight” rating and issued a $165.00 price objective on shares of Matson in a report on Thursday, January 2nd.

Insider Transactions at Matson

In related news, SVP John Warren Sullivan sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $165.50, for a total value of $124,125.00. Following the transaction, the senior vice president now directly owns 12,745 shares of the company’s stock, valued at approximately $2,109,297.50. This represents a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Leonard P. Isotoff sold 492 shares of the stock in a transaction 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 sale, the senior vice president now owns 4,254 shares in the company, valued at approximately $686,000.04. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,646 shares of company stock valued at $1,578,768 in the last quarter. 2.32% of the stock is owned by insiders.

Matson 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.