New York State Teachers Retirement System Sells 7,441 Shares of Matson, Inc. $MATX

08 Jul 2026, 09:56 by Kim Johansen · The Markets Daily

New York State Teachers Retirement System decreased its holdings in Matson, Inc. (NYSE:MATX – Free Report) by 16.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 38,678 shares of the shipping company’s stock after selling 7,441 shares during the quarter. New York State Teachers Retirement System’s holdings in Matson were worth $6,341,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MATX. Danske Bank A S purchased a new position in shares of Matson in the 4th quarter valued at $25,000. SouthState Bank Corp purchased a new stake in shares of Matson during the 4th quarter worth $31,000. Headlands Technologies LLC bought a new stake in Matson during the second quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its position in Matson by 57.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 94 shares in the last quarter. Finally, Torren Management LLC purchased a new position in Matson in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Matson Price Performance

Shares of NYSE MATX opened at $198.60 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $6.01 billion, a PE ratio of 14.59 and a beta of 1.28. The business has a 50-day simple moving average of $188.71 and a two-hundred day simple moving average of $166.74. Matson, Inc. has a fifty-two week low of $86.97 and a fifty-two week high of $207.88.

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

Matson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 6th. This is a positive change from Matson’s previous quarterly dividend of $0.36. Matson’s dividend payout ratio (DPR) is currently 10.58%.

Insider Buying and Selling at Matson

In related news, SVP Kuuhaku T. Park sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $180.19, for a total value of $450,475.00. Following the transaction, the senior vice president directly owned 10,984 shares of the company’s stock, valued at $1,979,206.96. This represents a 18.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Warren Sullivan sold 3,331 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $180.14, for a total value of $600,046.34. Following the completion of the transaction, the senior vice president owned 9,547 shares of the company’s stock, valued at $1,719,796.58. This trade represents a 25.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,963 shares of company stock worth $4,349,268 in the last three months. 2.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research raised shares of Matson to a “hold” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Matson from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Matson in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. started 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. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Matson currently has an average rating of “Moderate Buy” and a consensus price target of $181.25.

View Our Latest Stock Report on Matson

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.