Matson, Inc. (NYSE:MATX) SVP Sells $79,339.92 in Stock

Matson, Inc. (NYSE:MATX) SVP Leonard P. Isotoff sold 492 shares of Matson stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $161.26, for a total value of $79,339.92. Following the transaction, the senior vice president now owns 4,254 shares of the company’s stock, valued at $686,000.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Matson Stock Performance

Shares of NYSE MATX opened at $161.25 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 13.42 and a beta of 1.06. The stock’s fifty day moving average price is $137.79 and its two-hundred day moving average price is $128.77. Matson, Inc. has a one year low of $89.08 and a one year high of $167.24.

Matson (NYSE:MATX) last released its quarterly 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 net margin of 12.37% and a return on equity of 16.89%. The business had revenue of $962.00 million for the quarter, compared to the consensus estimate of $965.73 million. During the same period in the prior year, the company posted $3.40 earnings per share. Matson’s revenue was up 16.3% compared to the same quarter last year. On average, equities analysts forecast that Matson, Inc. will post 12.11 EPS for the current year.

Matson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 7th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, November 7th. Matson’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Matson

Large investors have recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC bought a new stake in shares of Matson during the 2nd quarter valued at $27,000. Redwood Wealth Management Group LLC bought a new position in Matson in the 2nd quarter valued at about $34,000. International Assets Investment Management LLC acquired a new position in shares of Matson in the 2nd quarter valued at approximately $39,000. Harbor Capital Advisors Inc. bought a new stake in shares of Matson during the 3rd quarter worth approximately $50,000. Finally, Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 413 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

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.