Brucke Financial Inc. Makes New Investment in Matson, Inc. (NYSE:MATX)

Brucke Financial Inc. purchased a new stake in shares of Matson, Inc. (NYSE:MATX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,485 shares of the shipping company's stock, valued at approximately $352,000.

A number of other large investors also recently bought and sold shares of MATX. Vanguard Group Inc. raised its holdings in Matson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,025,208 shares of the shipping company's stock worth $542,759,000 after buying an additional 11,357 shares during the last quarter. American Century Companies Inc. raised its holdings in Matson by 10.9% in the fourth quarter. American Century Companies Inc. now owns 1,086,932 shares of the shipping company's stock worth $146,562,000 after buying an additional 106,490 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Matson by 9.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,049,772 shares of the shipping company's stock worth $141,551,000 after buying an additional 91,172 shares during the last quarter. Capital Research Global Investors raised its holdings in Matson by 8.3% in the fourth quarter. Capital Research Global Investors now owns 753,414 shares of the shipping company's stock worth $101,590,000 after buying an additional 58,027 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Matson by 21.5% in the fourth quarter. First Trust Advisors LP now owns 663,245 shares of the shipping company's stock worth $89,432,000 after buying an additional 117,545 shares during the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MATX has been the subject of several recent analyst reports. Stephens decreased their target price on shares of Matson from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Stifel Nicolaus reduced their price target on shares of Matson from $160.00 to $130.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Wall Street Zen cut shares of Matson from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Matson from $125.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Matson has a consensus rating of "Hold" and a consensus price target of $138.33.

Insider Buying and Selling at Matson

In other Matson news, SVP Richard S. Kinney sold 1,997 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $137.11, for a total value of $273,808.67. Following the completion of the transaction, the senior vice president now directly owns 8,425 shares in the company, valued at $1,155,151.75. This represents a 19.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John P. Lauer sold 7,985 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.73, for a total transaction of $1,075,819.05. Following the completion of the transaction, the executive vice president now owns 25,192 shares of the company's stock, valued at approximately $3,394,118.16. The trade was a 24.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,182 shares of company stock valued at $1,606,286. Insiders own 2.05% of the company's stock.

Matson Stock Performance

Shares of MATX traded down $0.94 during mid-day trading on Wednesday, hitting $110.78. 339,121 shares of the company traded hands, compared to its average volume of 341,130. 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 stock has a 50-day moving average price of $110.41 and a two-hundred day moving average price of $131.30. Matson, Inc. has a 1 year low of $91.75 and a 1 year high of $169.12. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 9.22 and a beta of 1.30.

Matson (NYSE:MATX - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The shipping company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.16). Matson had a net margin of 12.37% and a return on equity of 16.89%. The company had revenue of $782.00 million for the quarter, compared to analysts' expectations of $818.07 million. During the same period in the previous year, the firm earned $1.04 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts anticipate that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.23%. Matson's dividend payout ratio is currently 8.96%.

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.