1,840 Shares in Matson, Inc. (NYSE:MATX) Acquired by Hyperion Capital Advisors LP

Hyperion Capital Advisors LP purchased a new position in shares of Matson, Inc. (NYSE:MATX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,840 shares of the shipping company’s stock, valued at approximately $262,000.

Other large investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC boosted its holdings in shares of Matson by 41.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,378 shares of the shipping company’s stock valued at $339,000 after acquiring an additional 697 shares in the last quarter. Cynosure Group LLC acquired a new stake in shares of Matson during the 3rd quarter valued at $384,000. BNP Paribas Financial Markets boosted its holdings in shares of Matson by 7.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company’s stock valued at $1,437,000 after acquiring an additional 703 shares in the last quarter. Hancock Whitney Corp bought a new position in Matson during the 3rd quarter worth $211,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Matson during the 3rd quarter worth $310,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Activity

In other news, SVP Jason Lee Taylor sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $135.73, for a total value of $135,730.00. Following the transaction, the senior vice president now owns 9,392 shares in the company, valued at $1,274,776.16. The trade was a 9.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Cox sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $137.17, for a total value of $1,028,775.00. Following the completion of the transaction, the chief executive officer now owns 215,397 shares in the company, valued at $29,546,006.49. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,645 shares of company stock worth $3,677,960 in the last three months. Company insiders own 2.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MATX shares. Stephens raised their target price on Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th.

Matson Stock Performance

Shares of MATX opened at $153.11 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average of $145.45 and a 200-day moving average of $133.63. The company has a market cap of $5.08 billion, a PE ratio of 12.74 and a beta of 1.06. Matson, Inc. has a one year low of $93.75 and a one year high of $169.12.

Matson (NYSE:MATX) last issued its earnings results on Wednesday, October 30th. The shipping company reported $5.89 EPS for the quarter, beating the consensus estimate of $4.98 by $0.91. The company had revenue of $962.00 million during the quarter, compared to the consensus estimate of $965.73 million. Matson had a return on equity of 16.89% and a net margin of 12.37%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $3.40 EPS. On average, equities research analysts predict that Matson, Inc. will post 13.19 EPS for the current fiscal year.

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 7th will be paid a $0.34 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.36 annualized dividend and a dividend yield of 0.89%. Matson’s dividend payout ratio is presently 11.31%.

Matson 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.