Empowered Funds LLC Has $2.17 Million Stake in Matson, Inc. (NYSE:MATX)

Empowered Funds LLC increased its holdings in shares of Matson, Inc. (NYSE:MATX) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,067 shares of the shipping company’s stock after purchasing an additional 238 shares during the quarter. Empowered Funds LLC’s holdings in Matson were worth $2,166,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC grew its stake in shares of Matson by 0.5% in the third quarter. Natixis Advisors LLC now owns 16,217 shares of the shipping company’s stock valued at $2,313,000 after acquiring an additional 78 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Matson by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company’s stock valued at $2,244,000 after acquiring an additional 80 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Matson by 2.9% in the fourth quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company’s stock valued at $401,000 after acquiring an additional 85 shares in the last quarter. Caprock Group LLC grew its stake in shares of Matson by 4.2% in the third quarter. Caprock Group LLC now owns 2,283 shares of the shipping company’s stock valued at $326,000 after acquiring an additional 91 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in shares of 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 valued at $237,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on MATX shares. Stephens restated an “overweight” rating and issued a $165.00 price target on shares of Matson in a research note on Thursday, January 2nd. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th.

Matson Trading Up 3.3 %

Shares of Matson stock opened at $146.58 on Friday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 12.19 and a beta of 1.05. The company has a quick ratio of 1.13, a current 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 firm’s 50-day moving average price is $139.64 and its two-hundred day moving average price is $140.14.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 0.93%. Matson’s payout ratio is 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.