Matson, Inc. (NYSE:MATX) Shares Purchased by Fruth Investment Management

Fruth Investment Management grew its holdings in shares of Matson, Inc. (NYSE:MATX) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,800 shares of the shipping company’s stock after purchasing an additional 500 shares during the period. Fruth Investment Management’s holdings in Matson were worth $387,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MATX. FMR LLC grew its holdings in shares of Matson by 2.0% during the first quarter. FMR LLC now owns 44,731 shares of the shipping company’s stock valued at $1,615,000 after purchasing an additional 877 shares during the last quarter. Bank of Montreal Can grew its stake in Matson by 258.2% during the 2nd quarter. Bank of Montreal Can now owns 5,480 shares of the shipping company’s stock worth $151,000 after buying an additional 3,950 shares during the last quarter. Glenmede Trust Co. NA increased its position in Matson by 9.6% in the second quarter. Glenmede Trust Co. NA now owns 3,505 shares of the shipping company’s stock worth $101,000 after buying an additional 308 shares during the period. Sei Investments Co. lifted its stake in Matson by 15.8% in the second quarter. Sei Investments Co. now owns 14,514 shares of the shipping company’s stock valued at $422,000 after buying an additional 1,975 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Matson in the second quarter valued at $263,000. Institutional investors own 83.28% of the company’s stock.

Several analysts recently weighed in on MATX shares. Sidoti lifted their price objective on shares of Matson from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 9th. BidaskClub raised Matson from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 7th. ValuEngine lowered Matson from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 5th. Finally, Stephens raised Matson from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $70.00 in a research note on Tuesday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $54.00.

In other news, SVP Branton B. Dreyfus sold 5,776 shares of the firm’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $58.75, for a total transaction of $339,340.00. Following the completion of the transaction, the senior vice president now owns 20,878 shares in the company, valued at approximately $1,226,582.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kevin L. Stuck sold 2,993 shares of Matson stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $54.23, for a total transaction of $162,310.39. Following the completion of the transaction, the vice president now directly owns 6,201 shares in the company, valued at approximately $336,280.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,791 shares of company stock worth $3,248,152. 1.95% of the stock is owned by insiders.

MATX stock opened at $64.77 on Thursday. The firm’s 50-day moving average is $58.59 and its two-hundred day moving average is $46.86. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 22.81 and a beta of 1.04. Matson, Inc. has a 52 week low of $23.75 and a 52 week high of $70.04. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.85.

Matson (NYSE:MATX) last posted its quarterly earnings data on Monday, November 2nd. The shipping company reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.05. The business had revenue of $645.20 million for the quarter, compared to analyst estimates of $668.39 million. Matson had a net margin of 5.54% and a return on equity of 14.86%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.84 earnings per share. On average, equities research analysts predict that Matson, Inc. will post 3.72 earnings per share for the current year.

Matson Profile

Matson, Inc, together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia.

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