Matson, Inc. (NYSE:MATX) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its position in shares of Matson, Inc. (NYSE:MATX) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,100 shares of the shipping company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Matson were worth $2,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Matson by 9.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company’s stock worth $141,551,000 after acquiring an additional 91,172 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Matson by 5.5% in 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 buying an additional 20,568 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Matson by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company’s stock valued at $40,927,000 after buying an additional 26,366 shares in the last quarter. Paradiem LLC boosted its holdings in shares of Matson by 2.2% in the 4th quarter. Paradiem LLC now owns 90,036 shares of the shipping company’s stock valued at $12,140,000 after buying an additional 1,909 shares in the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Matson in the 4th quarter valued at $9,788,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens restated an “overweight” rating and issued a $165.00 target price on shares of Matson in a report on Thursday, January 2nd. Wolfe Research cut shares of Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th.

Matson Stock Up 3.3 %

MATX stock opened at $146.58 on Friday. The company has a fifty day moving average price of $139.64 and a 200 day moving average price of $140.14. Matson, Inc. has a 12 month low of $100.50 and a 12 month high of $169.12. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 12.19 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.

Matson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.36 annualized dividend and a yield of 0.93%. Matson’s dividend payout ratio (DPR) 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.