International Assets Investment Management LLC Buys 32,580 Shares of Matson, Inc. (NYSE:MATX)

International Assets Investment Management LLC grew its stake in Matson, Inc. (NYSE:MATX) by 10,860.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,880 shares of the shipping company’s stock after purchasing an additional 32,580 shares during the period. International Assets Investment Management LLC’s holdings in Matson were worth $3,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Matson in the 4th quarter valued at approximately $26,000. Blue Trust Inc. grew its stake in shares of Matson by 109.6% in the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 217 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Matson in the 4th quarter valued at approximately $53,000. U S Global Investors Inc. bought a new stake in shares of Matson in the 3rd quarter valued at approximately $78,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Matson during the 1st quarter worth approximately $117,000. 84.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Matson news, SVP Christopher A. Scott sold 1,171 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $107.83, for a total transaction of $126,268.93. Following the completion of the transaction, the senior vice president now owns 12,958 shares in the company, valued at approximately $1,397,261.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.32% of the company’s stock.

Matson Stock Performance

MATX stock opened at $106.04 on Thursday. The business’s fifty day moving average is $111.31 and its 200-day moving average is $104.48. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.66 billion, a P/E ratio of 12.65 and a beta of 1.12. Matson, Inc. has a twelve month low of $61.51 and a twelve month high of $122.99.

Matson (NYSE:MATX) last issued its quarterly earnings data on Tuesday, February 20th. The shipping company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.75 by $0.03. The business had revenue of $788.90 million for the quarter, compared to the consensus estimate of $733.60 million. Matson had a return on equity of 12.71% and a net margin of 9.60%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 EPS. Equities research analysts forecast that Matson, Inc. will post 8.2 EPS for the current year.

Matson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 8th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, February 7th. Matson’s dividend payout ratio (DPR) is presently 15.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MATX shares. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Stifel Nicolaus increased their price target on Matson from $108.00 to $109.00 and gave the stock a “hold” rating in a research report on Wednesday, February 21st.

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.