Nisa Investment Advisors LLC Sells 300 Shares of Matson, Inc. (NYSE:MATX)

Nisa Investment Advisors LLC lessened its holdings in shares of Matson, Inc. (NYSE:MATX) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,370 shares of the shipping company’s stock after selling 300 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Matson were worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC boosted its position in Matson by 4.0% during the first quarter. Evergreen Capital Management LLC now owns 2,995 shares of the shipping company’s stock worth $361,000 after purchasing an additional 115 shares during the period. U S Global Investors Inc. boosted its position in Matson by 13.4% during the fourth quarter. U S Global Investors Inc. now owns 997 shares of the shipping company’s stock worth $109,000 after purchasing an additional 118 shares during the period. Exchange Traded Concepts LLC boosted its position in Matson by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 7,862 shares of the shipping company’s stock worth $862,000 after purchasing an additional 128 shares during the period. LPL Financial LLC boosted its position in Matson by 1.0% during the third quarter. LPL Financial LLC now owns 14,487 shares of the shipping company’s stock worth $1,285,000 after purchasing an additional 143 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Matson by 4.1% in the second quarter. Franklin Resources Inc. now owns 3,899 shares of the shipping company’s stock valued at $284,000 after acquiring an additional 153 shares during the period. Institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MATX shares. Stifel Nicolaus raised their price objective on shares of Matson from $108.00 to $109.00 and gave the company a “hold” rating in a research report on Wednesday, February 21st. StockNews.com upgraded shares of Matson from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insider Activity at Matson

In related news, SVP Christopher A. Scott sold 1,171 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the sale, the senior vice president now directly owns 12,958 shares of the company’s stock, valued at $1,397,261.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.32% of the stock is currently owned by insiders.

Matson Price Performance

MATX stock opened at $110.83 on Friday. The firm has a 50 day moving average of $111.50 and a 200-day moving average of $103.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. Matson, Inc. has a 12 month low of $61.27 and a 12 month high of $122.99. The firm has a market capitalization of $3.82 billion, a P/E ratio of 13.23 and a beta of 1.12.

Matson (NYSE:MATX) last announced its earnings results on Tuesday, February 20th. The shipping company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.03. The business had revenue of $788.90 million for the quarter, compared to the consensus estimate of $733.60 million. Matson had a net margin of 9.60% and a return on equity of 12.71%. Matson’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $2.10 earnings per share. As a group, sell-side analysts predict that Matson, Inc. will post 8.2 earnings per share for the current fiscal year.

Matson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 8th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, February 7th. Matson’s dividend payout ratio is currently 15.27%.

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.