Oregon Public Employees Retirement Fund Sells 100 Shares of Matson, Inc. (NYSE:MATX)

Oregon Public Employees Retirement Fund reduced its stake in Matson, Inc. (NYSE:MATX) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,807 shares of the shipping company’s stock after selling 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Matson were worth $1,053,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc bought a new position in Matson in the 4th quarter worth $40,000. Harbor Capital Advisors Inc. bought a new position in Matson in the 3rd quarter worth $50,000. DekaBank Deutsche Girozentrale bought a new position in Matson in the 3rd quarter worth $92,000. Rothschild Investment LLC raised its holdings in Matson by 31.4% in the 4th quarter. Rothschild Investment LLC now owns 1,059 shares of the shipping company’s stock worth $143,000 after purchasing an additional 253 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Matson by 1,661.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock worth $156,000 after purchasing an additional 1,030 shares during the period. 84.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MATX. Wolfe Research cut Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens increased their price target on Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price target on Matson from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday.

Matson Trading Up 2.3 %

Shares of Matson stock opened at $144.07 on Friday. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 11.99 and a beta of 1.05. The business has a 50-day moving average price of $139.74 and a 200-day moving average price of $141.20. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. Matson, Inc. has a twelve month low of $100.50 and a twelve month high of $169.12.

Matson (NYSE:MATX) last issued its quarterly earnings data on Tuesday, February 25th. The shipping company reported $3.80 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.60. The firm had revenue of $890.30 million during the quarter, compared to analyst estimates of $851.78 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. Equities research analysts anticipate that Matson, Inc. will post 13.27 EPS for the current fiscal year.

Matson Dividend Announcement

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 given a dividend of $0.34 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.94%. Matson’s payout ratio is 9.69%.

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.