Matson, Inc. (NYSE:MATX) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in shares of Matson, Inc. (NYSE:MATX) by 84.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,416 shares of the shipping company’s stock after buying an additional 2,023 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Matson were worth $484,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Matson during the fourth quarter valued at $26,000. Blue Trust Inc. lifted its position in Matson by 109.6% during the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock worth $45,000 after acquiring an additional 217 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Matson during the 4th quarter worth about $89,000. U S Global Investors Inc. boosted its position in shares of Matson by 13.4% in the fourth quarter. U S Global Investors Inc. now owns 997 shares of the shipping company’s stock valued at $109,000 after acquiring an additional 118 shares during the period. Finally, Planned Solutions Inc. bought a new stake in Matson in the 4th quarter valued at $112,000. Institutional investors own 84.76% of the company’s stock.

Matson Stock Down 1.4 %

NYSE MATX opened at $111.81 on Tuesday. The stock has a market capitalization of $3.82 billion, a P/E ratio of 13.19 and a beta of 1.12. Matson, Inc. has a 52 week low of $64.21 and a 52 week high of $122.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $108.69 and a 200-day moving average of $106.38.

Matson (NYSE:MATX) last announced its quarterly earnings data on Tuesday, April 30th. The shipping company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Matson had a return on equity of 12.66% and a net margin of 9.61%. The firm had revenue of $722.10 million during the quarter, compared to analyst estimates of $730.44 million. During the same period last year, the company earned $0.94 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Matson, Inc. will post 8.51 EPS for the current year.

Matson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 9th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.14%. Matson’s payout ratio is presently 15.09%.

Insider Buying and Selling

In other Matson news, SVP Christopher A. Scott sold 1,171 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $107.83, for a total value of $126,268.93. Following the sale, the senior vice president now directly owns 12,958 shares in the company, valued at $1,397,261.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.32% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on MATX. StockNews.com raised Matson from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Stifel Nicolaus lifted their target price on shares of Matson from $109.00 to $111.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st.

Matson Company Profile

Matson, Inc, together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia.