Regency Capital Management Inc. DE Takes Position in Matson, Inc. (NYSE:MATX)

Regency Capital Management Inc. DE bought a new stake in Matson, Inc. (NYSE:MATXFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,900 shares of the shipping company’s stock, valued at approximately $318,000.

Several other large investors have also modified their holdings of the stock. McGlone Suttner Wealth Management Inc. purchased a new stake in Matson in the 4th quarter valued at $26,000. International Assets Investment Management LLC purchased a new stake in Matson in the 3rd quarter valued at $27,000. Blue Trust Inc. raised its position in Matson by 109.6% during the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock worth $45,000 after buying an additional 217 shares during the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in Matson during the 4th quarter worth $53,000. Finally, U S Global Investors Inc. purchased a new position in Matson during the 3rd quarter worth $78,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

Insider Activity at Matson

In related news, SVP Christopher A. Scott sold 1,171 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the sale, the senior vice president now directly owns 12,958 shares of the company’s stock, valued at approximately $1,397,261.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.32% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MATX has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st. downgraded shares of Matson from a “buy” rating to a “hold” rating in a research report on Thursday, March 28th.

Check Out Our Latest Analysis on MATX

Matson Price Performance

Shares of MATX traded up $3.66 during trading hours on Wednesday, reaching $111.03. The company had a trading volume of 233,749 shares, compared to its average volume of 278,157. The firm has a 50 day simple moving average of $111.90 and a 200-day simple moving average of $102.95. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 13.25 and a beta of 1.12. Matson, Inc. has a 12-month low of $56.51 and a 12-month high of $122.99.

Matson (NYSE:MATXGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The shipping company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.03. The business had revenue of $788.90 million during the quarter, compared to the consensus estimate of $733.60 million. Matson had a net margin of 9.60% and a return on equity of 12.71%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 EPS. Research analysts expect that Matson, Inc. will post 8.2 earnings per share for the current year.

Matson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.28 dividend on an annualized basis and a yield of 1.15%. Matson’s payout ratio is 15.27%.

Matson Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Matson (NYSE:MATX)

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