Planned Solutions Inc. Invests $112,000 in Matson, Inc. (NYSE:MATX)

Planned Solutions Inc. bought a new position in shares of Matson, Inc. (NYSE:MATX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,020 shares of the shipping company’s stock, valued at approximately $112,000.

Several other large investors also recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of Matson during the third quarter valued at $27,000. Industrial Alliance Investment Management Inc. acquired a new position in Matson in the fourth quarter valued at about $53,000. U S Global Investors Inc. acquired a new position in Matson in the third quarter valued at about $78,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Matson in the first quarter valued at about $117,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in Matson in the third quarter valued at about $110,000. Institutional investors own 84.76% of the company’s stock.

Matson Stock Up 2.2 %

NYSE:MATX opened at $111.17 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $3.83 billion, a PE ratio of 13.27 and a beta of 1.13. Matson, Inc. has a 52-week low of $56.51 and a 52-week high of $122.99. The stock has a 50-day simple moving average of $112.61 and a 200 day simple moving average of $102.08.

Matson (NYSE:MATX) last posted its quarterly earnings data on Tuesday, February 20th. The shipping company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.03. The business had revenue of $788.90 million during 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%. Matson’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $2.10 earnings per share. On average, sell-side analysts expect that Matson, Inc. will post 8.2 EPS for the current fiscal year.

Matson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 8th were paid a $0.32 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $1.28 dividend on an annualized basis and a yield of 1.15%. Matson’s dividend payout ratio is 15.27%.

Insider Buying and Selling at Matson

In other Matson news, SVP Christopher A. Scott sold 1,171 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $107.83, for a total value of $126,268.93. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MATX. StockNews.com lowered Matson from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus raised 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.

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.