Lazard Asset Management LLC Takes $1.82 Million Position in Matson, Inc. $MATX

Lazard Asset Management LLC acquired a new stake in shares of Matson, Inc. (NYSE:MATX – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,095 shares of the shipping company’s stock, valued at approximately $1,819,000.

Other large investors also recently bought and sold shares of the company. Danske Bank A S bought a new stake in Matson during the 4th quarter valued at $25,000. Headlands Technologies LLC bought a new position in shares of Matson in the 2nd quarter worth $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of Matson in the 3rd quarter worth $30,000. SouthState Bank Corp purchased a new stake in shares of Matson during the 4th quarter worth $31,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Matson by 57.3% during 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 during the last quarter. Institutional investors own 84.76% of the company’s stock.

Get Matson alerts:

Trending Headlines about Matson

Here are the key news stories impacting Matson this week:

• Positive Sentiment: Earnings and revenue beat expectations: Matson reported second-quarter EPS of $4.27, up from $2.92 a year earlier and above the roughly $3.74–$3.79 analyst consensus. Revenue rose 16.7% year over year to $969.4 million, exceeding the $902.4 million estimate. Matson Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability improved substantially: Net income increased 36.6% to $129.4 million, operating income climbed 40.6% to $158.9 million, and EBITDA rose to $211.0 million from $163.6 million. The results indicate stronger operating performance and margin expansion. Matson Announces Second Quarter 2026 Results and Raises Full Year Outlook
• Positive Sentiment: Raised full-year outlook and returned capital: Management increased its full-year outlook and repurchased approximately 300,000 shares during the quarter, supporting the potential for stronger earnings and per-share results. Matson Raises Full Year Outlook
• Positive Sentiment: Solid cash generation: Operating cash flow reached $137.6 million, while cash and equivalents more than doubled from a year earlier to $119.3 million, providing financial flexibility despite higher capital spending. Matson Q2 2026 Earnings and Profitability
• Neutral Sentiment: Mixed ownership signals: Recent institutional activity included both significant additions and reductions, suggesting differing views among large investors.
• Negative Sentiment: Insider selling may temper sentiment: Reported insider activity over the past six months consisted of sales and no purchases, including sales by senior executives. This may raise valuation or profit-taking concerns, although it does not offset the strong quarterly fundamentals.

Insiders Place Their Bets

In other news, SVP Laura L. Rascon sold 2,800 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $188.53, for a total value of $527,884.00. Following the sale, the senior vice president owned 15,656 shares in the company, valued at $2,951,625.68. This represents a 15.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher A. Scott sold 3,305 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $180.14, for a total value of $595,362.70. Following the sale, the senior vice president directly owned 11,228 shares in the company, valued at approximately $2,022,611.92. This trade represents a 22.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 23,963 shares of company stock worth $4,349,268. 2.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MATX. JPMorgan Chase & Co. started coverage on Matson in a research report on Monday, April 27th. They set an “overweight” rating and a $230.00 price objective on the stock. Zacks Research raised shares of Matson to a “hold” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Matson in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Matson currently has an average rating of “Moderate Buy” and a consensus target price of $203.33.

Get Our Latest Research Report on MATX

Matson Trading Up 2.4%

NYSE MATX opened at $207.44 on Tuesday. Matson, Inc. has a 12-month low of $86.97 and a 12-month high of $230.74. The company has a fifty day simple moving average of $199.69 and a two-hundred day simple moving average of $177.87. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.28 billion, a P/E ratio of 15.24 and a beta of 1.27.

Matson (NYSE:MATX – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The shipping company reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.48. Matson had a net margin of 12.92% and a return on equity of 15.90%. The company had revenue of $969.40 million during the quarter, compared to analyst estimates of $893.91 million. During the same period last year, the firm posted $2.92 EPS. Matson’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, analysts forecast that Matson, Inc. will post 14.16 earnings per share for the current year.

Matson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 6th will be issued a $0.38 dividend. This is a boost from Matson’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.52 annualized dividend and a dividend yield of 0.7%. Matson’s payout ratio is presently 10.58%.

Matson 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.

Featured Articles

• Five stocks we like better than Matson
• SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
• Why Rare Earth Processing Could Be the Real 2027 Opportunity
• The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
• TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?

Want to see what other hedge funds are holding MATX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matson, Inc. (NYSE:MATX – Free Report).

Receive News & Ratings for Matson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matson and related companies with MarketBeat.com's FREE daily email newsletter.