Stephens Inc. AR Reduces Stock Position in Matson, Inc. (NYSE:MATX)

Stephens Inc. AR lessened its holdings in shares of Matson, Inc. (NYSE:MATX) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,688 shares of the shipping company’s stock after selling 147 shares during the quarter. Stephens Inc. AR’s holdings in Matson were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Matson during the 3rd quarter worth $50,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Matson during the 3rd quarter worth $92,000. Farther Finance Advisors LLC boosted its stake in shares of 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 acquiring an additional 1,030 shares during the last quarter. CWM LLC boosted its stake in shares of Matson by 80.4% during the 3rd quarter. CWM LLC now owns 1,198 shares of the shipping company’s stock worth $171,000 after acquiring an additional 534 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Matson by 12.1% during the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company’s stock valued at $166,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Stock Performance

Shares of NYSE MATX opened at $146.58 on Friday. 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 company has a market cap of $4.87 billion, a P/E ratio of 12.19 and a beta of 1.05. The firm’s fifty day moving average is $139.64 and its two-hundred day moving average is $140.14. Matson, Inc. has a 52-week low of $100.50 and a 52-week high of $169.12.

Matson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 6th will be issued 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 yield of 0.93%. Matson’s dividend payout ratio is currently 11.31%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wolfe Research downgraded shares of Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th. Stephens restated an “overweight” rating and set a $165.00 price objective on shares of Matson in a research report on Thursday, January 2nd.

Matson 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.