Deutsche Bank AG Grows Stock Position in Matson, Inc. (NYSE:MATX)

Deutsche Bank AG raised its stake in Matson, Inc. (NYSE:MATX - Free Report) by 122.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,216 shares of the shipping company's stock after buying an additional 22,164 shares during the period. Deutsche Bank AG owned about 0.12% of Matson worth $5,423,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MATX. Johnson Investment Counsel Inc. boosted its position in shares of Matson by 4.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,766 shares of the shipping company's stock valued at $238,000 after purchasing an additional 76 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Matson by 0.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company's stock valued at $2,244,000 after purchasing an additional 80 shares in the last quarter. Covestor Ltd boosted its position in shares of Matson by 16.3% during the 4th quarter. Covestor Ltd now owns 586 shares of the shipping company's stock valued at $79,000 after purchasing an additional 82 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Matson by 2.9% during the 4th quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company's stock valued at $401,000 after purchasing an additional 85 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Matson by 67.7% in the fourth quarter. Bessemer Group Inc. now owns 213 shares of the shipping company's stock worth $29,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 84.76% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at Matson

In related news, SVP Richard S. Kinney sold 1,997 shares of Matson stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $137.11, for a total transaction of $273,808.67. Following the completion of the sale, the senior vice president now owns 8,425 shares of the company's stock, valued at approximately $1,155,151.75. This trade represents a 19.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Laura L. Rascon sold 1,700 shares of Matson stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $118.19, for a total value of $200,923.00. Following the sale, the senior vice president now directly owns 14,712 shares of the company's stock, valued at $1,738,811.28. This represents a 10.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,682 shares of company stock valued at $1,550,551 over the last three months. Company insiders own 2.05% of the company's stock.

Matson Stock Down 1.5%

Shares of Matson stock traded down $1.61 on Friday, hitting $109.18. The company had a trading volume of 241,182 shares, compared to its average volume of 341,191. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 9.08 and a beta of 1.30. Matson, Inc. has a 1 year low of $91.75 and a 1 year high of $169.12. The stock has a 50 day moving average of $111.52 and a 200-day moving average of $132.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.13.

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

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 8th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, May 8th. Matson's dividend payout ratio is currently 8.96%.

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.