Wellington Management Group LLP Purchases Shares of 20,059 Matson, Inc. (NYSE:MATX)

Wellington Management Group LLP purchased a new stake in Matson, Inc. (NYSE:MATX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,059 shares of the shipping company's stock, valued at approximately $2,705,000. Wellington Management Group LLP owned about 0.06% of Matson at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MATX. Campbell Deegan Wealth Management LLC acquired a new position in shares of Matson during the 4th quarter worth about $524,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Matson during the 4th quarter worth about $3,502,000. Brucke Financial Inc. acquired a new position in shares of Matson during the 4th quarter worth about $352,000. Leigh Baldwin & CO. LLC acquired a new position in shares of Matson during the 4th quarter worth about $259,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Matson during the 4th quarter worth about $36,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Matson

In other Matson news, Director Bradley D. Tilden acquired 2,752 shares of the business's stock in a transaction on Thursday, May 29th. The stock was purchased at an average price of $111.76 per share, with a total value of $307,563.52. Following the acquisition, the director now directly owns 8,180 shares of the company's stock, valued at approximately $914,196.80. This trade represents a 50.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Leonard P. Isotoff sold 500 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $111.47, for a total transaction of $55,735.00. Following the completion of the sale, the senior vice president now directly owns 5,644 shares of the company's stock, valued at $629,136.68. This represents a 8.14% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.05% of the company's stock.

Matson Stock Performance

Shares of MATX stock opened at $111.82 on Friday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.30 and a beta of 1.30. 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 50-day simple moving average of $108.24 and a 200 day simple moving average of $129.21. 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 earnings results 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 for the quarter, compared to the consensus estimate of $818.07 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. On average, sell-side analysts predict that Matson, Inc. will post 13.27 earnings per share for the current year.

Matson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 8th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, May 8th. Matson's dividend payout ratio is currently 8.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MATX shares. Wall Street Zen lowered shares of Matson from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Jefferies Financial Group lifted their target price on shares of Matson from $125.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Stephens reduced 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. Finally, Stifel Nicolaus reduced their target price on shares of Matson from $160.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.

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