Matson, Inc. (NYSE:MATX) SVP Jason Lee Taylor Sells 1,000 Shares of Stock

Matson, Inc. (NYSE:MATX) SVP Jason Lee Taylor sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $135.73, for a total transaction of $135,730.00. Following the completion of the sale, the senior vice president now directly owns 9,392 shares in the company, valued at $1,274,776.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Matson Trading Down 2.6 %

Shares of MATX stock opened at $131.17 on Friday. The firm has a market cap of $4.58 billion, a P/E ratio of 15.47 and a beta of 1.09. The business has a 50-day moving average price of $130.69 and a two-hundred day moving average price of $119.76. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. Matson, Inc. has a 12-month low of $82.68 and a 12-month high of $138.84.

Matson (NYSE:MATX) last posted its quarterly earnings results on Thursday, August 1st. The shipping company reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.26. The company had revenue of $847.40 million during the quarter, compared to analyst estimates of $861.68 million. Matson had a net margin of 10.41% and a return on equity of 13.87%. Equities analysts anticipate that Matson, Inc. will post 10.49 EPS for the current fiscal year.

Matson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.36 annualized dividend and a yield of 1.04%. This is a positive change from Matson’s previous quarterly dividend of $0.32. Matson’s dividend payout ratio (DPR) is currently 16.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MATX. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a report on Friday. Stephens boosted their target price on shares of Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd.

Institutional Trading of Matson

A number of hedge funds have recently made changes to their positions in the stock. USA Financial Formulas purchased a new stake in shares of Matson during the 4th quarter valued at about $26,000. TruNorth Capital Management LLC bought a new position in shares of Matson in the second quarter worth approximately $27,000. Redwood Wealth Management Group LLC bought a new stake in Matson during the second quarter valued at about $34,000. Security National Bank purchased a new position in Matson in the 4th quarter worth approximately $36,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Matson in the second quarter worth $39,000. 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.