World Investment Advisors LLC Buys Shares of 25,529 Matson, Inc. (NYSE:MATX)

World Investment Advisors LLC purchased a new position in Matson, Inc. (NYSE:MATX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,529 shares of the shipping company’s stock, valued at approximately $3,641,000.

A number of other institutional investors have also recently made changes to their positions in MATX. Pacer Advisors Inc. grew its position in Matson by 4,167,726.1% in the third quarter. Pacer Advisors Inc. now owns 958,600 shares of the shipping company’s stock worth $136,716,000 after acquiring an additional 958,577 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Matson by 4.2% in the 2nd quarter. American Century Companies Inc. now owns 911,827 shares of the shipping company’s stock worth $119,422,000 after purchasing an additional 36,901 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Matson by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,716 shares of the shipping company’s stock worth $56,437,000 after purchasing an additional 20,568 shares in the last quarter. Encompass Capital Advisors LLC increased its position in shares of Matson by 52.1% during the 2nd quarter. Encompass Capital Advisors LLC now owns 356,416 shares of the shipping company’s stock valued at $46,680,000 after purchasing an additional 122,017 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Matson by 126.5% during the 2nd quarter. Millennium Management LLC now owns 240,117 shares of the shipping company’s stock valued at $31,448,000 after buying an additional 134,092 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Matson Stock Up 0.2 %

MATX opened at $146.22 on Friday. The company has a market cap of $4.86 billion, a P/E ratio of 12.16 and a beta of 1.04. Matson, Inc. has a 12 month low of $98.80 and a 12 month high of $169.12. The business’s 50-day moving average price is $147.68 and its 200-day moving average price is $136.06. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Matson (NYSE:MATX) last announced its quarterly earnings results on Wednesday, October 30th. The shipping company reported $5.89 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.91. The business had revenue of $962.00 million for the quarter, compared to analysts’ expectations of $965.73 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.40 EPS. On average, equities analysts expect that Matson, Inc. will post 13.19 EPS for the current year.

Matson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 7th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.36 annualized dividend and a yield of 0.93%. Matson’s payout ratio is currently 11.31%.

Insiders Place Their Bets

In other Matson news, SVP John Warren Sullivan sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $165.50, for a total transaction of $124,125.00. Following the completion of the transaction, the senior vice president now owns 12,745 shares of the company’s stock, valued at $2,109,297.50. This represents a 5.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rusty K. Rolfe sold 3,000 shares of Matson stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total value of $497,910.00. Following the completion of the sale, the executive vice president now owns 21,871 shares in the company, valued at approximately $3,629,929.87. This represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,145 shares of company stock valued at $2,513,455 in the last quarter. Insiders own 2.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th. StockNews.com cut shares of Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th.

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.