Insider Selling: Matson, Inc. (NYSE:MATX) EVP Sells 5,404 Shares of Stock

Matson, Inc. (NYSE:MATX) EVP Peter T. Heilmann sold 5,404 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $162.36, for a total transaction of $877,393.44. Following the sale, the executive vice president now directly owns 32,952 shares of the company’s stock, valued at approximately $5,350,086.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Matson Price Performance

Shares of NYSE MATX opened at $166.03 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm has a market cap of $5.51 billion, a PE ratio of 13.81 and a beta of 1.06. Matson, Inc. has a 1-year low of $89.08 and a 1-year high of $166.05. The company has a fifty day moving average price of $137.31 and a 200 day moving average price of $128.54.

Matson (NYSE:MATX) last issued its quarterly earnings results on Wednesday, October 30th. The shipping company reported $5.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.91. The firm had revenue of $962.00 million for the quarter, compared to analyst estimates of $965.73 million. Matson had a net margin of 12.37% and a return on equity of 16.89%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.40 EPS. Research analysts predict that Matson, Inc. will post 12.11 earnings per share for the current fiscal year.

Matson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 7th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 7th. Matson’s payout ratio is currently 11.31%.

Analyst Ratings Changes

Several research firms have weighed in on MATX. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Stephens increased their target price on shares of Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd.

Hedge Funds Weigh In On Matson

Institutional investors have recently bought and sold shares of the business. TruNorth Capital Management LLC bought a new position in shares of Matson during the 2nd quarter worth approximately $27,000. Redwood Wealth Management Group LLC bought a new stake in shares of Matson during the 2nd quarter worth about $34,000. International Assets Investment Management LLC acquired a new position in Matson in the 2nd quarter valued at about $39,000. Harbor Capital Advisors Inc. bought a new position in Matson in the 3rd quarter valued at about $50,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Matson during the first quarter worth approximately $71,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

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.