Matson, Inc. (NYSE:MATX) EVP Rusty K. Rolfe Sells 3,000 Shares

Matson, Inc. (NYSE:MATX) EVP Rusty K. Rolfe sold 3,000 shares of Matson stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $165.97, for a total value of $497,910.00. Following the completion of the sale, the executive vice president now directly owns 21,871 shares of the company’s stock, valued at $3,629,929.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Matson Price Performance

Shares of NYSE:MATX traded down $1.78 during mid-day trading on Thursday, reaching $165.59. The stock had a trading volume of 54,204 shares, compared to its average volume of 274,797. 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 company has a market cap of $5.50 billion, a P/E ratio of 13.92 and a beta of 1.06. Matson, Inc. has a 1 year low of $91.98 and a 1 year high of $169.12. The business’s 50 day moving average price is $140.15 and its 200 day moving average price is $130.51.

Matson (NYSE:MATX) last issued its quarterly earnings data on Wednesday, October 30th. The shipping company reported $5.89 earnings per share 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 analysts’ expectations of $965.73 million. During the same period in the previous year, the firm posted $3.40 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Research analysts expect that Matson, Inc. will post 13.19 EPS for the current fiscal year.

Matson Dividend Announcement

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

Institutional Investors Weigh In On Matson

Several large investors have recently added to or reduced their stakes in MATX. TruNorth Capital Management LLC bought a new position in shares of Matson during the second quarter valued at approximately $27,000. Redwood Wealth Management Group LLC bought a new position in shares of Matson during the second quarter valued at approximately $34,000. International Assets Investment Management LLC bought a new position in shares of Matson during the second quarter valued at approximately $39,000. Harbor Capital Advisors Inc. bought a new position in shares of Matson during the third quarter valued at approximately $50,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Matson in the first quarter worth approximately $71,000. 84.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th. Stephens boosted their price objective on Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd.

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.