Matson, Inc. (NYSE:MATX) Stock Holdings Cut by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Matson, Inc. (NYSE:MATX) by 12.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,938 shares of the shipping company’s stock after selling 2,754 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Matson worth $2,844,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of 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 buying an additional 958,577 shares during the last quarter. American Century Companies Inc. grew 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 acquiring an additional 36,901 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Matson by 5.5% during the third 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 during the period. Encompass Capital Advisors LLC lifted its holdings in shares of Matson by 52.1% during the second 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 boosted its position in shares of Matson by 126.5% in the 2nd quarter. Millennium Management LLC now owns 240,117 shares of the shipping company’s stock valued at $31,448,000 after purchasing an additional 134,092 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Activity

In other Matson news, CEO Matthew J. Cox sold 6,499 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $143.82, for a total value of $934,686.18. Following the transaction, the chief executive officer now directly owns 208,898 shares in the company, valued at $30,043,710.36. The trade was a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Leonard P. Isotoff sold 492 shares of Matson stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $161.26, for a total transaction of $79,339.92. Following the completion of the transaction, the senior vice president now owns 4,254 shares of the company’s stock, valued at $686,000.04. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,145 shares of company stock worth $2,513,455. Corporate insiders own 2.32% of the company’s stock.

Matson Price Performance

Shares of Matson stock opened at $146.22 on Friday. Matson, Inc. has a 1-year low of $98.80 and a 1-year high of $169.12. The firm has a fifty day simple moving average of $147.68 and a 200-day simple moving average of $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. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 12.16 and a beta of 1.04.

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

Matson Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MATX. Wolfe Research lowered shares of Matson from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 18th. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th.

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.