London Co. of Virginia Cuts Stock Position in Matson, Inc. $MATX

Posted by Stanley Muller on Jun 17th, 2026

London Co. of Virginia lowered its position in Matson, Inc. (NYSE:MATX – Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,114 shares of the shipping company’s stock after selling 10,087 shares during the period. London Co. of Virginia’s holdings in Matson were worth $31,149,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Danske Bank A S purchased a new position in shares of Matson in the 4th quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in shares of Matson in the 2nd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Matson in the 3rd quarter worth approximately $30,000. SouthState Bank Corp acquired a new stake in Matson in the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Matson by 57.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the shipping company’s stock worth $32,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Stock Up 0.5%

MATX stock opened at $196.23 on Wednesday. The firm has a 50 day moving average of $181.12 and a 200 day moving average of $158.24. The stock has a market capitalization of $5.94 billion, a PE ratio of 14.42 and a beta of 1.29. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. Matson, Inc. has a 52 week low of $86.97 and a 52 week high of $203.08.

Matson (NYSE:MATX – Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The shipping company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.65 by $0.20. Matson had a net margin of 12.92% and a return on equity of 15.90%. The business had revenue of $757.80 million during the quarter, compared to analysts’ expectations of $777.55 million. During the same period in the previous year, the business posted $2.18 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Sell-side analysts forecast that Matson, Inc. will post 13.96 earnings per share for the current year.

Matson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, May 7th. Matson’s payout ratio is presently 10.58%.

Insider Buying and Selling at Matson

In other Matson news, SVP Laura L. Rascon sold 2,800 shares of Matson stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $188.53, for a total transaction of $527,884.00. Following the completion of the sale, the senior vice president directly owned 15,656 shares in the company, valued at approximately $2,951,625.68. The trade was a 15.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Grace M. Cerocke sold 1,200 shares of Matson stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $183.57, for a total transaction of $220,284.00. Following the sale, the senior vice president owned 17,986 shares of the company’s stock, valued at approximately $3,301,690.02. The trade was a 6.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 23,963 shares of company stock worth $4,349,268. Corporate insiders own 2.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MATX. Wall Street Zen cut shares of Matson from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. JPMorgan Chase & Co. began coverage on shares of Matson in a research note on Monday, April 27th. They issued an “overweight” rating and a $230.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Matson in a research note on Friday, May 29th. Finally, Zacks Research upgraded shares of Matson to a “hold” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.25.

Read Our Latest Stock Report on Matson

Matson Company Profile

(Free Report)

Matson, Inc (NYSE: MATX) is a U.S.-based provider of ocean transportation and supply chain logistics services with a focus on Pacific trade lanes. The company operates a fleet of container ships that regularly service Hawaii, Alaska, Guam, Micronesia and other Pacific islands, as well as mainland U.S. ports. Matson’s ocean transportation segment offers scheduled liner services, expedited shipping options and specialized project cargo handling for industries ranging from retail to heavy machinery.

In addition to its core liner operations, Matson offers ocean transportation services between Asia and the U.S.