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 Matson stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $162.36, for a total value of $877,393.44. Following the sale, the executive vice president now 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 SEC, which is accessible through the SEC website.

Matson Price Performance

MATX opened at $165.64 on Friday. 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 business’s fifty day simple moving average is $138.34 and its 200-day simple moving average is $129.17. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 13.78 and a beta of 1.06. Matson, Inc. has a 12-month low of $89.57 and a 12-month high of $167.94.

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

Matson Dividend Announcement

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

Hedge Funds Weigh In On Matson

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC purchased a new stake in shares of Matson during the second quarter valued at about $27,000. Redwood Wealth Management Group LLC purchased a new stake in Matson during the second quarter valued at approximately $34,000. International Assets Investment Management LLC acquired a new stake in Matson in the second quarter valued at approximately $39,000. Harbor Capital Advisors Inc. purchased a new position in Matson in the third quarter worth $50,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Matson during the first quarter worth $71,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Wall Street Analyst Weigh In

MATX has been the subject of a number of research analyst reports. Stephens lifted their price objective on shares of Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. StockNews.com lowered shares of Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th.

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.