Rothschild Investment LLC Has $143,000 Stock Position in Matson, Inc. (NYSE:MATX)

Rothschild Investment LLC lifted its stake in Matson, Inc. (NYSE:MATX) by 31.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,059 shares of the shipping company’s stock after purchasing an additional 253 shares during the quarter. Rothschild Investment LLC’s holdings in Matson were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc acquired a new position in shares of Matson in the 4th quarter valued at $40,000. Harbor Capital Advisors Inc. acquired a new position in shares of Matson in the 3rd quarter valued at $50,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Matson in the 3rd quarter valued at $92,000. Farther Finance Advisors LLC boosted its position in shares of Matson by 1,661.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,092 shares of the shipping company’s stock valued at $156,000 after purchasing an additional 1,030 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Matson by 12.1% in the 4th quarter. GAMMA Investing LLC now owns 1,229 shares of the shipping company’s stock valued at $166,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 84.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MATX shares. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 18th. Stephens restated an “overweight” rating and set a $165.00 price objective on shares of Matson in a research report on Thursday, January 2nd.

Matson Trading Down 1.4 %

Shares of NYSE MATX opened at $141.27 on Wednesday. Matson, Inc. has a one year low of $100.50 and a one year high of $169.12. The firm has a market capitalization of $4.69 billion, a PE ratio of 11.75 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $139.46 and a two-hundred day moving average price of $141.01.

Matson (NYSE:MATX) last announced its quarterly earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.60. Matson had a return on equity of 16.89% and a net margin of 12.37%. As a group, analysts predict that Matson, Inc. will post 13.27 earnings per share for the current fiscal year.

Matson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 0.96%. Matson’s dividend payout ratio is 11.31%.

Matson Company 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.