Swiss National Bank continued to hold its position in shares of Matson Inc. (NYSE:MATX) during the second quarter, Holdings Channel reports. The institutional investor owned 19,500 shares of the company’s stock at the end of the second quarter. Swiss National Bank’s holdings in Matson were worth $630,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its position in Matson by 11.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,163,982 shares of the company’s stock worth $46,757,000 after buying an additional 118,805 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Matson during the first quarter worth about $137,000. Hermes Investment Management Ltd. increased its stake in Matson by 5.6% in the second quarter. Hermes Investment Management Ltd. now owns 527,108 shares of the company’s stock worth $17,020,000 after buying an additional 28,072 shares during the last quarter. BlackRock Group LTD increased its stake in Matson by 9.4% in the first quarter. BlackRock Group LTD now owns 54,145 shares of the company’s stock worth $2,175,000 after buying an additional 4,667 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Matson by 4.4% in the first quarter. Geode Capital Management LLC now owns 383,981 shares of the company’s stock worth $15,424,000 after buying an additional 16,212 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.
Shares of Matson Inc. (NYSE:MATX) traded up 1.33% on Wednesday, hitting $41.05. 40,575 shares of the stock traded hands. The stock has a 50-day moving average price of $39.20 and a 200 day moving average price of $36.17. Matson Inc. has a 12-month low of $30.54 and a 12-month high of $53.18. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 17.23 and a beta of 1.19.
Matson (NYSE:MATX) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The business earned $467.70 million during the quarter, compared to analyst estimates of $487.35 million. Matson had a net margin of 5.31% and a return on equity of 25.99%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, analysts anticipate that Matson Inc. will post $2.03 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of Matson in a report on Monday. Zacks Investment Research upgraded shares of Matson from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Wednesday, July 27th.
In related news, insider Vic S. Angoco, Jr. sold 12,162 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $40.20, for a total transaction of $488,912.40. Following the transaction, the insider now owns 48,722 shares of the company’s stock, valued at $1,958,624.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Blake Baird sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $35.96, for a total transaction of $35,960.00. Following the transaction, the director now directly owns 18,745 shares in the company, valued at approximately $674,070.20. The disclosure for this sale can be found here. 2.36% of the stock is currently owned by insiders.
Matson Inc is a transportation company in the Marine industry.