Rothschild Investment LLC Acquires 253 Shares of Matson, Inc. (NYSE:MATX)

Rothschild Investment LLC boosted its holdings in Matson, Inc. (NYSE:MATX) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,059 shares of the shipping company’s stock after buying an additional 253 shares during the period. Rothschild Investment LLC’s holdings in Matson were worth $143,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Matson by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company’s stock worth $40,927,000 after buying an additional 26,366 shares during the period. Intech Investment Management LLC increased its position in shares of Matson by 43.5% during the third quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company’s stock valued at $2,051,000 after purchasing an additional 4,361 shares during the period. Quest Partners LLC increased its position in shares of Matson by 142.5% during the third quarter. Quest Partners LLC now owns 10,346 shares of the shipping company’s stock valued at $1,476,000 after purchasing an additional 6,080 shares during the period. Summit Global Investments increased its position in shares of Matson by 78.0% during the third quarter. Summit Global Investments now owns 10,425 shares of the shipping company’s stock valued at $1,487,000 after purchasing an additional 4,567 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Matson by 7.5% during the third quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company’s stock valued at $1,437,000 after purchasing an additional 703 shares during the period. 84.76% of the stock is owned by institutional investors.

Matson Stock Performance

MATX opened at $141.27 on Wednesday. The stock has a market cap of $4.69 billion, a PE ratio of 11.75 and a beta of 1.05. 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, Inc. has a 1 year low of $100.50 and a 1 year high of $169.12. The stock’s 50 day simple moving average is $139.46 and its 200-day simple moving average is $141.01.

Matson (NYSE:MATX) last announced 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%. Sell-side analysts forecast that Matson, Inc. will post 13.27 EPS for the current year.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, February 6th. Matson’s dividend payout ratio is 11.31%.

Analyst Upgrades and Downgrades

MATX has been the topic of a number of research reports. Stephens restated an “overweight” rating and set a $165.00 price objective on shares of Matson in a research report on Thursday, January 2nd. Wolfe Research cut Matson from an “outperform” rating to a “peer perform” rating in a research 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.