Atria Wealth Solutions Inc. Sells 219 Shares of Matson, Inc. (NYSE:MATX)

Atria Wealth Solutions Inc. lowered its stake in shares of Matson, Inc. (NYSE:MATX) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,538 shares of the shipping company’s stock after selling 219 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Matson were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MATX. Pacer Advisors Inc. increased its position in shares of Matson by 4,167,726.1% during the third quarter. Pacer Advisors Inc. now owns 958,600 shares of the shipping company’s stock valued at $136,716,000 after acquiring an additional 958,577 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Matson in the fourth quarter worth about $9,788,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Matson during the 3rd quarter valued at approximately $6,735,000. International Assets Investment Management LLC increased its stake in shares of Matson by 14,162.0% in the third quarter. International Assets Investment Management LLC now owns 42,786 shares of the shipping company’s stock worth $6,102,000 after purchasing an additional 42,486 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Matson in the 3rd quarter worth $5,746,000. Institutional investors own 84.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MATX. Stephens lifted their price objective on shares of Matson from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. Wolfe Research cut Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus upped their price target on shares of Matson from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday.

Matson Stock Performance

MATX opened at $140.55 on Friday. The firm has a market capitalization of $4.67 billion, a PE ratio of 11.69 and a beta of 1.05. The firm has a 50 day moving average of $139.52 and a two-hundred day moving average of $141.11. Matson, Inc. has a 12-month low of $100.50 and a 12-month high of $169.12. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Matson (NYSE:MATX) last announced its earnings results on Tuesday, February 25th. The shipping company reported $3.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.60. Matson had a return on equity of 16.89% and a net margin of 12.37%. The firm had revenue of $890.30 million for the quarter, compared to analyst estimates of $851.78 million. On average, analysts anticipate that Matson, Inc. will post 13.27 EPS for the current year.

Matson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 6th will be given a $0.34 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.36 annualized dividend and a yield of 0.97%. Matson’s payout ratio is 11.31%.

About Matson

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.