Swiss National Bank Has $2.23 Million Stock Position in Matson, Inc. (NYSE:MATX)

Swiss National Bank cut its position in Matson, Inc. (NYSE:MATX) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,500 shares of the shipping company’s stock after selling 200 shares during the quarter. Swiss National Bank’s holdings in Matson were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Matson by 9.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company’s stock worth $141,551,000 after buying an additional 91,172 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Matson by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,716 shares of the shipping company’s stock valued at $56,437,000 after purchasing an additional 20,568 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Matson by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company’s stock valued at $40,927,000 after purchasing an additional 26,366 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Matson by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 180,956 shares of the shipping company’s stock valued at $24,400,000 after purchasing an additional 4,945 shares during the period. Finally, Rhumbline Advisers grew its position in Matson by 1.5% in the 4th quarter. Rhumbline Advisers now owns 103,398 shares of the shipping company’s stock worth $13,942,000 after purchasing an additional 1,518 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

Insider Activity at Matson

In other news, EVP John P. Lauer sold 7,985 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.73, for a total transaction of $1,075,819.05. Following the completion of the sale, the executive vice president now owns 25,192 shares of the company’s stock, valued at approximately $3,394,118.16. This trade represents a 24.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Richard S. Kinney sold 1,997 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 8,425 shares in the company, valued at $1,155,151.75. The trade was a 19.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Matson from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Stephens upped their price target on Matson from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th.

Matson Trading Down 1.6 %

Shares of Matson stock opened at $130.73 on Friday. Matson, Inc. has a 52-week low of $100.50 and a 52-week high of $169.12. The firm has a market capitalization of $4.29 billion, a PE ratio of 10.88 and a beta of 1.05. 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’s fifty day moving average price is $137.18 and its two-hundred day moving average price is $140.96.

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

Matson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.04%. Matson’s dividend payout ratio (DPR) is presently 9.69%.

About Matson

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.