John Warren Sullivan Sells 750 Shares of Matson, Inc. (NYSE:MATX) Stock

Matson, Inc. (NYSE:MATX) SVP John Warren Sullivan sold 750 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $165.50, for a total value of $124,125.00. Following the completion of the sale, the senior vice president now directly owns 12,745 shares of the company’s stock, valued at approximately $2,109,297.50. This represents a 5.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Matson Price Performance

Shares of MATX opened at $160.65 on Friday. The company has a market cap of $5.34 billion, a P/E ratio of 13.37 and a beta of 1.06. Matson, Inc. has a fifty-two week low of $91.98 and a fifty-two week high of $169.12. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average price is $140.82 and its 200 day moving average price is $130.75.

Matson (NYSE:MATX) last posted its earnings results on Wednesday, October 30th. The shipping company reported $5.89 EPS for the quarter, beating 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 firm had revenue of $962.00 million for the quarter, compared to analyst estimates of $965.73 million. During the same quarter in the prior year, the company posted $3.40 earnings per share. Matson’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, research analysts forecast that Matson, Inc. will post 13.19 earnings per share for the current fiscal year.

Matson Dividend Announcement

The company 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 $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 0.85%. Matson’s dividend payout ratio is currently 11.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MATX. StockNews.com cut shares of Matson from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 6th. Stephens raised their price target 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

Large investors have recently added to or reduced their stakes in the company. PAX Financial Group LLC acquired a new stake in shares of Matson in the first quarter valued at about $605,000. Caxton Associates LP boosted its stake in shares of Matson by 283.4% during the 1st quarter. Caxton Associates LP now owns 8,232 shares of the shipping company’s stock worth $925,000 after acquiring an additional 6,085 shares in the last quarter. Artemis Investment Management LLP grew its holdings in shares of Matson by 31.5% in the 2nd quarter. Artemis Investment Management LLP now owns 75,070 shares of the shipping company’s stock worth $9,832,000 after acquiring an additional 17,992 shares during the period. Jupiter Asset Management Ltd. increased its stake in Matson by 3,509.3% in the 1st quarter. Jupiter Asset Management Ltd. now owns 188,910 shares of the shipping company’s stock valued at $21,233,000 after purchasing an additional 183,676 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in Matson during the first quarter worth $542,000. 84.76% of the stock is owned by hedge funds and other institutional investors.

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.