Matson, Inc. (NYSE:MATX) SVP Sells $314,944.00 in Stock

Matson, Inc. (NYSE:MATX) SVP Leonard P. Isotoff sold 2,800 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $112.48, for a total value of $314,944.00. Following the transaction, the senior vice president now directly owns 4,746 shares of the company’s stock, valued at approximately $533,830.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Matson Price Performance

Shares of MATX traded up $0.34 during mid-day trading on Tuesday, reaching $112.03. The company had a trading volume of 230,195 shares, compared to its average volume of 264,947. Matson, Inc. has a twelve month low of $64.21 and a twelve month high of $122.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50-day moving average is $108.69 and its 200-day moving average is $106.38. The company has a market capitalization of $3.83 billion, a P/E ratio of 13.27 and a beta of 1.12.

Matson (NYSE:MATX) last issued its earnings results on Tuesday, April 30th. The shipping company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. Matson had a return on equity of 12.66% and a net margin of 9.61%. The business had revenue of $722.10 million during the quarter, compared to analysts’ expectations of $730.44 million. During the same period in the prior year, the firm posted $0.94 EPS. Matson’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Matson, Inc. will post 8.51 EPS for the current year.

Matson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 9th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.14%. Matson’s dividend payout ratio is 15.09%.

Institutional Investors Weigh In On Matson

Hedge funds and other institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in Matson during the 4th quarter valued at $26,000. USA Financial Formulas acquired a new stake in Matson during the 4th quarter valued at $26,000. Security National Bank acquired a new stake in Matson during the 4th quarter valued at $36,000. Blue Trust Inc. increased its holdings in Matson by 109.6% during the 4th quarter. Blue Trust Inc. now owns 415 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 217 shares in the last quarter. Finally, Evermay Wealth Management LLC acquired a new stake in Matson during the 4th quarter valued at $66,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MATX has been the subject of a number of research reports. StockNews.com upgraded Matson from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Stifel Nicolaus raised their price objective on Matson from $109.00 to $111.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st.

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.