Twinbeech Capital LP Takes $4.55 Million Position in Matson, Inc. (NYSE:MATX)

Twinbeech Capital LP bought a new stake in Matson, Inc. (NYSE:MATX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,718 shares of the shipping company's stock, valued at approximately $4,547,000. Twinbeech Capital LP owned 0.10% of Matson at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MATX. Nisa Investment Advisors LLC increased its stake in Matson by 0.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,645 shares of the shipping company's stock worth $2,244,000 after buying an additional 80 shares during the period. Paradiem LLC increased its stake in Matson by 2.2% in the 4th quarter. Paradiem LLC now owns 90,036 shares of the shipping company's stock worth $12,140,000 after buying an additional 1,909 shares during the period. Inspire Investing LLC increased its stake in Matson by 2.9% in the 4th quarter. Inspire Investing LLC now owns 2,972 shares of the shipping company's stock worth $401,000 after buying an additional 85 shares during the period. Linden Thomas Advisory Services LLC increased its stake in Matson by 4.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 26,824 shares of the shipping company's stock worth $3,617,000 after buying an additional 1,136 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Matson by 14.9% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,651 shares of the shipping company's stock worth $492,000 after buying an additional 474 shares during the period. Hedge funds and other institutional investors own 84.76% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on MATX shares. Stephens reduced their price target on shares of Matson from $175.00 to $150.00 and set an "overweight" rating on the stock in a research note 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 on the stock in a research note on Tuesday, May 6th. StockNews.com downgraded shares of Matson from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group raised their price target on shares of Matson from $125.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $138.33.

Matson Stock Performance

Shares of NYSE:MATX opened at $115.58 on Wednesday. The firm has a 50 day moving average of $112.90 and a 200 day moving average of $133.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 9.62 and a beta of 1.30. Matson, Inc. has a 52 week low of $91.75 and a 52 week high of $169.12.

Matson (NYSE:MATX - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The shipping company reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 12.37% and a return on equity of 16.89%. The company's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. On average, sell-side analysts predict that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, May 8th. Matson's payout ratio is 8.96%.

Insider Transactions at Matson

In related news, EVP John P. Lauer sold 7,985 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 25,192 shares in the company, valued at $3,394,118.16. The trade was a 24.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Richard S. Kinney sold 1,997 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders have sold a total of 11,682 shares of company stock valued at $1,550,551 in the last 90 days. Insiders own 2.05% of the company's stock.

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.

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