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

Deutsche Bank AG increased its position in Matson, Inc. (NYSE:MATX - Free Report) by 122.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,216 shares of the shipping company's stock after acquiring an additional 22,164 shares during the period. Deutsche Bank AG owned approximately 0.12% of Matson worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Matson by 67.7% during the 4th quarter. Bessemer Group Inc. now owns 213 shares of the shipping company's stock worth $29,000 after purchasing an additional 86 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Matson during the 4th quarter worth about $30,000. IFP Advisors Inc acquired a new stake in shares of Matson during the 4th quarter valued at about $40,000. Covestor Ltd grew 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 acquiring an additional 82 shares during the period. Finally, U S Global Investors Inc. acquired a new stake in shares of Matson during the 4th quarter valued at about $111,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Matson Price Performance

MATX stock traded down $0.25 during trading on Thursday, hitting $110.83. The stock had a trading volume of 257,976 shares, compared to its average volume of 340,593. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. Matson, Inc. has a twelve month low of $91.75 and a twelve month high of $169.12. The stock has a market capitalization of $3.62 billion, a P/E ratio of 9.22 and a beta of 1.30. The company's 50-day moving average price is $112.24 and its two-hundred day moving average price is $133.06.

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

Matson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 8th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, May 8th. Matson's payout ratio is 8.96%.

Insider Buying and Selling

In other Matson news, SVP Richard S. Kinney sold 1,997 shares of the firm'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 transaction, the senior vice president now directly owns 8,425 shares of the company's stock, valued at $1,155,151.75. This trade represents a 19.16% decrease in their position. 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 firm'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 directly owns 25,192 shares in the company, valued at $3,394,118.16. This trade represents a 24.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,682 shares of company stock worth $1,550,551. Insiders own 2.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Matson from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Jefferies Financial Group raised their target price on Matson from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Stephens dropped their target price on Matson from $175.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus dropped their target price on Matson from $160.00 to $130.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $138.33.

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.