Bailard Inc. Has $708,000 Holdings in Matson, Inc. (NYSE:MATX)

Bailard Inc. boosted its holdings in shares of Matson, Inc. (NYSE:MATX) by 59.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,250 shares of the shipping company’s stock after purchasing an additional 1,950 shares during the period. Bailard Inc.’s holdings in Matson were worth $708,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MATX. Private Advisor Group LLC acquired a new stake in Matson in the 3rd quarter valued at about $210,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Matson during the third quarter valued at approximately $92,000. First Trust Direct Indexing L.P. increased its holdings in shares of Matson by 6.9% in the third quarter. First Trust Direct Indexing L.P. now owns 1,663 shares of the shipping company’s stock valued at $237,000 after purchasing an additional 107 shares in the last quarter. Stephens Inc. AR raised its position in Matson by 51.8% in the 3rd quarter. Stephens Inc. AR now owns 4,835 shares of the shipping company’s stock worth $690,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Matson by 1,661.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock worth $156,000 after buying an additional 1,030 shares in the last quarter. Institutional investors own 84.76% of the company’s stock.

Matson Stock Down 2.6 %

MATX stock opened at $140.31 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $4.66 billion, a P/E ratio of 11.67 and a beta of 1.05. The business has a 50-day moving average of $139.78 and a 200-day moving average of $141.43. Matson, Inc. has a fifty-two week low of $100.50 and a fifty-two week high of $169.12.

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

Matson Announces Dividend

The firm 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 $0.34 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.97%. Matson’s payout ratio is 9.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MATX shares. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th. Stifel Nicolaus raised their target price on shares of Matson from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Finally, Stephens boosted their price target on shares of Matson from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th.

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.