Matson, Inc. (NYSE:MATX) EVP Peter T. Heilmann Sells 5,404 Shares

Matson, Inc. (NYSE:MATX) EVP Peter T. Heilmann sold 5,404 shares of Matson stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $162.36, for a total value of $877,393.44. Following the transaction, the executive vice president now owns 32,952 shares in the company, valued at $5,350,086.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Matson Price Performance

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

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

Matson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 7th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.36 annualized dividend and a yield of 0.82%. Matson’s dividend payout ratio (DPR) is 11.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MATX shares. StockNews.com downgraded shares of Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. Stephens upped their price objective on shares of Matson from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in Matson during the second quarter valued at approximately $27,000. Redwood Wealth Management Group LLC bought a new position in shares of Matson in the second quarter valued at approximately $34,000. International Assets Investment Management LLC acquired a new stake in Matson during the 2nd quarter valued at $39,000. Harbor Capital Advisors Inc. bought a new stake in shares of Matson during the third quarter worth $50,000. Finally, Blue Trust Inc. lifted its position in Matson by 226.9% during the 2nd quarter. Blue Trust Inc. now owns 595 shares of the shipping company’s stock worth $78,000 after buying an additional 413 shares in the last quarter. 84.76% of the stock is owned by institutional investors.

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.