Matson, Inc. (NYSE:MATX) Receives Average Rating of “Hold” from Brokerages

Matson, Inc. (NYSE:MATX) has received a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $156.25.

A number of equities research analysts have recently weighed in on MATX shares. Stephens boosted their price target on Matson from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Matson in a research report on Monday, December 29th. Finally, Wolfe Research reiterated an “outperform” rating and set a $167.00 price target on shares of Matson in a research report on Thursday, January 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in Matson by 124.3% during the third quarter. Federated Hermes Inc. now owns 249 shares of the shipping company’s stock worth $25,000 after acquiring an additional 138 shares during the last quarter. Danske Bank A S bought a new stake in shares of Matson in the 4th quarter worth about $25,000. Hantz Financial Services Inc. raised its stake in shares of Matson by 67.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 254 shares of the shipping company’s stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. Headlands Technologies LLC bought a new position in Matson during the 2nd quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Matson in the third quarter worth $30,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Trading Up 2.6%

MATX opened at $162.27 on Friday. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 12.35 and a beta of 1.35. Matson has a 12 month low of $86.97 and a 12 month high of $169.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $139.58 and a 200-day moving average price of $116.16.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 5th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, February 5th. Matson’s dividend payout ratio is 10.96%.

About Matson

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.