Matson, Inc. (NYSE:MATX) EVP Sells $1,075,819.05 in Stock

Matson, Inc. (NYSE:MATX) EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.73, for a total value of $1,075,819.05. Following the sale, the executive vice president now owns 25,192 shares in the company, valued at $3,394,118.16. This trade represents a 24.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Matson Price Performance

Shares of NYSE:MATX opened at $133.02 on Friday. The business’s 50 day simple moving average is $139.50 and its 200-day simple moving average is $141.44. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 11.07 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. Matson, Inc. has a 12 month low of $100.50 and a 12 month high of $169.12.

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

Matson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.36 annualized dividend and a dividend yield of 1.02%. Matson’s dividend payout ratio is currently 9.69%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MATX. Wolfe Research lowered Matson from an “outperform” rating to a “peer perform” rating in a report on Monday, November 18th. Stephens lifted their price objective on Matson from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their price objective on Matson from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in Matson by 67.7% in the 4th quarter. Bessemer Group Inc. now owns 213 shares of the shipping company’s stock valued at $29,000 after acquiring an additional 86 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Matson in the 4th quarter valued at $30,000. Ameriflex Group Inc. acquired a new position in Matson in the 4th quarter valued at $36,000. IFP Advisors Inc acquired a new position in Matson in the 4th quarter valued at $40,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Matson in the 3rd quarter valued at $50,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

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.