Matson, Inc. (NYSE:MATX) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in Matson, Inc. (NYSE:MATX) by 5.4% during the 4th quarter, Holdings Channel reports. The fund owned 18,120 shares of the shipping company’s stock after selling 1,031 shares during the quarter. Yousif Capital Management LLC’s holdings in Matson were worth $1,986,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advisors Preferred LLC acquired a new stake in shares of Matson in the fourth quarter valued at $1,958,000. O Shaughnessy Asset Management LLC raised its stake in shares of Matson by 105.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 37,379 shares of the shipping company’s stock valued at $3,316,000 after acquiring an additional 19,149 shares in the last quarter. Dark Forest Capital Management LP raised its stake in shares of Matson by 317.4% in the third quarter. Dark Forest Capital Management LP now owns 24,763 shares of the shipping company’s stock valued at $2,197,000 after acquiring an additional 18,830 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Matson by 25.4% in the third quarter. Envestnet Asset Management Inc. now owns 60,648 shares of the shipping company’s stock valued at $5,381,000 after buying an additional 12,285 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Matson by 178.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,311 shares of the shipping company’s stock valued at $826,000 after buying an additional 5,973 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Matson Stock Down 2.1 %

Matson stock opened at $105.48 on Thursday. The stock’s fifty day moving average is $108.91 and its two-hundred day moving average is $105.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.07. Matson, Inc. has a 1-year low of $62.71 and a 1-year high of $122.99. The stock has a market cap of $3.64 billion, a PE ratio of 12.59 and a beta of 1.12.

Matson (NYSE:MATX) last posted its earnings results on Tuesday, April 30th. The shipping company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Matson had a return on equity of 12.71% and a net margin of 9.60%. The business had revenue of $722.10 million for the quarter, compared to analysts’ expectations of $730.44 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Matson, Inc. will post 8.2 EPS for the current fiscal year.

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, May 8th. Matson’s dividend payout ratio (DPR) is currently 15.27%.

Insider Transactions at Matson

In related news, SVP Christopher A. Scott sold 1,171 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $107.83, for a total transaction of $126,268.93. Following the transaction, the senior vice president now owns 12,958 shares of the company’s stock, valued at $1,397,261.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MATX. Stifel Nicolaus raised their price target on Matson from $109.00 to $111.00 and gave the company a “hold” rating in a research note on Wednesday. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.