Charles Schwab Investment Management Inc. Has $52.98 Million Stock Holdings in Matson, Inc. (NYSE:MATX)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Matson, Inc. (NYSE:MATX) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 392,896 shares of the shipping company’s stock after selling 2,820 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Matson were worth $52,978,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bailard Inc. lifted its position in shares of Matson by 59.1% in the 4th quarter. Bailard Inc. now owns 5,250 shares of the shipping company’s stock worth $708,000 after purchasing an additional 1,950 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Matson by 339.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 901 shares of the shipping company’s stock worth $122,000 after buying an additional 696 shares in the last quarter. U S Global Investors Inc. bought a new position in shares of Matson in the fourth quarter worth approximately $111,000. Versor Investments LP bought a new position in Matson during the fourth quarter valued at approximately $902,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Matson by 9.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,083 shares of the shipping company’s stock worth $1,899,000 after purchasing an additional 1,246 shares during the last quarter. 84.76% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP John P. Lauer sold 7,985 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.73, for a total transaction of $1,075,819.05. Following the completion of the transaction, the executive vice president now directly owns 25,192 shares of the company’s stock, valued at approximately $3,394,118.16. This represents a 24.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Richard S. Kinney sold 1,997 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $137.11, for a total value of $273,808.67. Following the transaction, the senior vice president now directly owns 8,425 shares of the company’s stock, valued at $1,155,151.75. The trade was a 19.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Stephens raised their price target on Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Stifel Nicolaus upped their price objective on Matson from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th.

Matson Price Performance

Shares of MATX stock opened at $129.54 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $4.25 billion, a P/E ratio of 10.78 and a beta of 1.05. The stock’s 50-day moving average is $139.09 and its 200 day moving average is $141.29. Matson, Inc. has a 1-year low of $100.50 and a 1-year high of $169.12.

Matson (NYSE:MATX) last posted its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.60. The business had revenue of $890.30 million during the quarter, compared to analysts’ expectations of $851.78 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. Research analysts predict that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, February 6th. Matson’s dividend payout ratio (DPR) is currently 9.69%.

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.