Sei Investments Co. Has $1.10 Million Stock Position in Matson, Inc. (NYSE:MATX)

Sei Investments Co. reduced its position in shares of Matson, Inc. (NYSE:MATX) by 46.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,021 shares of the shipping company’s stock after selling 14,475 shares during the period. Sei Investments Co.’s holdings in Matson were worth $1,095,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MATX. Stonebridge Capital Advisors LLC acquired a new position in Matson during the first quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Matson during the first quarter worth $53,000. Rockefeller Capital Management L.P. grew its stake in shares of Matson by 64.6% during the first quarter. Rockefeller Capital Management L.P. now owns 879 shares of the shipping company’s stock worth $58,000 after buying an additional 345 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Matson by 55.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,172 shares of the shipping company’s stock worth $78,000 after buying an additional 418 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in shares of Matson by 65.0% during the first quarter. Point72 Hong Kong Ltd now owns 1,213 shares of the shipping company’s stock worth $81,000 after buying an additional 478 shares during the last quarter. Institutional investors and hedge funds own 85.32% of the company’s stock.

In related news, President Ronald J. Forest sold 10,000 shares of the business’s stock in a transaction on Thursday, August 5th. The shares were sold at an average price of $69.90, for a total value of $699,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew J. Cox sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $78.18, for a total transaction of $390,900.00. Following the completion of the transaction, the chief executive officer now owns 280,544 shares in the company, valued at approximately $21,932,929.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,608 shares of company stock worth $3,068,548. Insiders own 2.00% of the company’s stock.

NYSE MATX opened at $79.64 on Tuesday. The firm’s fifty day moving average price is $74.22 and its two-hundred day moving average price is $69.33. The stock has a market cap of $3.46 billion, a PE ratio of 8.57 and a beta of 0.98. Matson, Inc. has a fifty-two week low of $36.78 and a fifty-two week high of $87.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 0.76.

Matson (NYSE:MATX) last posted its earnings results on Thursday, July 29th. The shipping company reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.75. Matson had a net margin of 13.85% and a return on equity of 40.07%. As a group, sell-side analysts predict that Matson, Inc. will post 13.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 2nd. Shareholders of record on Thursday, August 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, August 4th. This is a boost from Matson’s previous quarterly dividend of $0.23. Matson’s payout ratio is presently 27.03%.

About Matson

Matson, Inc is a holding company, which engages in the provision of logistics and transportation services. It operates through the Ocean Transportation and Logistics segments. The Ocean Transportation segment offers ocean freight transportation, container stevedoring, refrigerated cargo services, inland transportation, and other terminal services.

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Institutional Ownership by Quarter for Matson (NYSE:MATX)

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