Matson, Inc. (NYSE:MATX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Matson, Inc. (NYSE:MATX) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,086,932 shares of the shipping company’s stock after acquiring an additional 106,490 shares during the period. American Century Companies Inc. owned about 3.27% of Matson worth $146,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Matson by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company’s stock worth $40,927,000 after acquiring an additional 26,366 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Matson by 43.5% in the 3rd quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company’s stock worth $2,051,000 after purchasing an additional 4,361 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Matson by 7.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company’s stock valued at $1,437,000 after purchasing an additional 703 shares during the period. Quadrature Capital Ltd bought a new position in Matson during the 3rd quarter worth $512,000. Finally, One Wealth Advisors LLC acquired a new stake in Matson in the fourth quarter worth $258,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stephens boosted their price target on shares of Matson from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Stifel Nicolaus boosted their target price on shares of Matson from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th.

Insider Buying and Selling

In related news, EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction dated 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 transaction, the executive vice president now directly owns 25,192 shares of the company’s stock, valued at $3,394,118.16. The trade was a 24.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Richard S. Kinney sold 1,997 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $137.11, for a total transaction of $273,808.67. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by corporate insiders.

Matson Trading Down 0.6 %

NYSE:MATX opened at $128.95 on Monday. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 10.73 and a beta of 1.05. 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, Inc. has a 1 year low of $100.50 and a 1 year high of $169.12. The business has a fifty day moving average of $137.90 and a 200-day moving average of $141.03.

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

Matson Announces Dividend

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