Measured Wealth Private Client Group LLC Has $333,000 Holdings in Matson, Inc. (NYSE:MATX)

Measured Wealth Private Client Group LLC decreased its stake in shares of Matson, Inc. (NYSE:MATX) by 9.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,471 shares of the shipping company’s stock after selling 273 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Matson were worth $333,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Matson by 4,167,726.1% during the third quarter. Pacer Advisors Inc. now owns 958,600 shares of the shipping company’s stock valued at $136,716,000 after purchasing an additional 958,577 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Matson in the 4th quarter worth $9,788,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Matson during the 3rd quarter worth $6,735,000. International Assets Investment Management LLC boosted its holdings in Matson by 14,162.0% during the third quarter. International Assets Investment Management LLC now owns 42,786 shares of the shipping company’s stock valued at $6,102,000 after acquiring an additional 42,486 shares during the period. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in shares of Matson in the third quarter valued at about $5,746,000. 84.76% of the stock is owned by institutional investors.

Insider Activity

In other Matson news, EVP Rusty K. Rolfe sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $165.97, for a total transaction of $497,910.00. Following the completion of the transaction, the executive vice president now owns 21,871 shares in the company, valued at $3,629,929.87. This trade represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John Warren Sullivan sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $165.50, for a total value of $124,125.00. Following the completion of the sale, the senior vice president now owns 12,745 shares in the company, valued at approximately $2,109,297.50. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.32% of the stock is currently owned by company insiders.

Matson Stock Up 0.1 %

NYSE MATX opened at $136.01 on Friday. Matson, Inc. has a twelve month low of $100.50 and a twelve month high of $169.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $4.52 billion, a PE ratio of 11.31 and a beta of 1.05. The firm has a 50-day simple moving average of $141.29 and a 200 day simple moving average of $139.77.

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, February 6th. Matson’s payout ratio is presently 11.31%.

Analyst Ratings Changes

Several research firms recently weighed in on MATX. Stephens reissued an “overweight” rating and set a $165.00 price objective on shares of Matson in a research report on Thursday, January 2nd. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th.

About Matson

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.