Strs Ohio Has $1.14 Million Position in Matson, Inc. $MATX

Strs Ohio grew its holdings in shares of Matson, Inc. (NYSE:MATX) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,200 shares of the shipping company’s stock after acquiring an additional 700 shares during the period. Strs Ohio’s holdings in Matson were worth $1,136,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MATX. Hantz Financial Services Inc. grew its holdings in Matson by 67.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 254 shares of the shipping company’s stock worth $28,000 after acquiring an additional 102 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Matson in the 1st quarter valued at about $34,000. State of Wyoming grew its stake in shares of Matson by 495.3% in the 1st quarter. State of Wyoming now owns 381 shares of the shipping company’s stock valued at $49,000 after buying an additional 317 shares during the period. IFP Advisors Inc grew its stake in shares of Matson by 42.6% in the 2nd quarter. IFP Advisors Inc now owns 442 shares of the shipping company’s stock valued at $49,000 after buying an additional 132 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Matson in the 1st quarter valued at about $78,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Price Performance

Matson stock opened at $110.02 on Thursday. Matson, Inc. has a 52 week low of $86.97 and a 52 week high of $169.12. The company’s 50 day moving average price is $100.06 and its two-hundred day moving average price is $106.00. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.50 billion, a P/E ratio of 7.44 and a beta of 1.21.

Matson (NYSE:MATX) last posted its earnings results on Tuesday, November 4th. The shipping company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.25 by $0.99. Matson had a net margin of 14.26% and a return on equity of 18.90%. The firm had revenue of $880.10 million for the quarter, compared to analysts’ expectations of $837.72 million. During the same quarter last year, the firm earned $5.89 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities analysts predict that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.44 annualized dividend and a dividend yield of 1.3%. Matson’s dividend payout ratio (DPR) is currently 9.74%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stephens raised their target price on Matson from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday. Zacks Research upgraded Matson from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Jefferies Financial Group restated a “hold” rating and issued a $115.00 target price on shares of Matson in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Matson in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.67.

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.