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

Matson, Inc. (NYSE:MATX) SVP John Warren Sullivan sold 750 shares of the company’s 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 transaction, the senior vice president now directly owns 12,745 shares of the company’s stock, valued at approximately $2,109,297.50. This trade represents a 5.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Matson Price Performance

MATX traded down $1.51 during midday trading on Friday, reaching $163.04. 29,573 shares of the company’s stock were exchanged, compared to its average volume of 274,572. Matson, Inc. has a one year low of $91.98 and a one year high of $169.12. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.69 and a beta of 1.06. The business has a 50-day simple moving average of $140.15 and a two-hundred day simple moving average of $130.51. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.14.

Matson (NYSE:MATX) last announced 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 return on equity of 16.89% and a net margin of 12.37%. The business had revenue of $962.00 million for the quarter, compared to analyst estimates of $965.73 million. During the same quarter in the previous year, the firm earned $3.40 EPS. Matson’s quarterly revenue was up 16.3% on a year-over-year basis. As a group, research analysts predict that Matson, Inc. will post 13.19 EPS for the current year.

Matson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 7th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, November 7th. Matson’s payout ratio is 11.31%.

Analyst Ratings Changes

MATX has been the subject of a number of recent research reports. StockNews.com lowered Matson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 6th. Stephens boosted their price target on shares of Matson from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 2nd.

Institutional Investors Weigh In On Matson

Hedge funds have recently made changes to their positions in the company. PAX Financial Group LLC bought a new position in Matson in the 1st quarter valued at $605,000. Caxton Associates LP raised its holdings in shares of Matson by 283.4% in the first quarter. Caxton Associates LP now owns 8,232 shares of the shipping company’s stock valued at $925,000 after buying an additional 6,085 shares during the last quarter. Artemis Investment Management LLP lifted its position in Matson by 31.5% during the 2nd quarter. Artemis Investment Management LLP now owns 75,070 shares of the shipping company’s stock worth $9,832,000 after buying an additional 17,992 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Matson by 3,509.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 188,910 shares of the shipping company’s stock worth $21,233,000 after acquiring an additional 183,676 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in Matson during the 1st quarter worth about $542,000. Institutional investors and hedge funds own 84.76% of the company’s stock.

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.