Insider Selling: Matson, Inc. (NYSE:MATX) EVP Sells 7,985 Shares of Stock

Matson, Inc. (NYSE:MATX - Get Free Report) EVP John P. Lauer sold 7,985 shares of Matson stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.73, for a total value of $1,075,819.05. Following the completion of the sale, the executive vice president now owns 25,192 shares in the company, valued at $3,394,118.16. This represents a 24.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Matson Stock Performance

Shares of NYSE:MATX traded down $0.22 on Friday, reaching $133.02. The company's stock had a trading volume of 383,471 shares, compared to its average volume of 293,043. The stock has a market capitalization of $4.37 billion, a P/E ratio of 11.07 and a beta of 1.05. Matson, Inc. has a 52-week low of $100.50 and a 52-week high of $169.12. The stock's 50-day moving average is $139.50 and its two-hundred day moving average is $141.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 1.13.

Matson (NYSE:MATX - Get Free Report) last released its earnings results on Tuesday, February 25th. The shipping company reported $3.80 EPS for the quarter, topping the consensus estimate of $3.20 by $0.60. The company had revenue of $890.30 million during the quarter, compared to analysts' expectations of $851.78 million. Matson had a net margin of 12.37% and a return on equity of 16.89%. As a group, sell-side analysts forecast that Matson, Inc. will post 13.27 EPS for the current year.

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Matson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 6th were paid a $0.34 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.36 dividend on an annualized basis and a yield of 1.02%. Matson's payout ratio is 9.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MATX. Stifel Nicolaus boosted their target price on Matson from $150.00 to $160.00 and gave the company a "hold" rating in a research report on Wednesday, February 26th. Stephens upped their price target on Matson from $165.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Finally, Wolfe Research cut Matson from an "outperform" rating to a "peer perform" rating in a research note on Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Matson by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 286,968 shares of the shipping company's stock valued at $40,927,000 after buying an additional 26,366 shares during the period. Intech Investment Management LLC increased its stake in Matson by 43.5% in the third quarter. Intech Investment Management LLC now owns 14,382 shares of the shipping company's stock valued at $2,051,000 after purchasing an additional 4,361 shares during the last quarter. Quest Partners LLC lifted its position in Matson by 142.5% during the third quarter. Quest Partners LLC now owns 10,346 shares of the shipping company's stock worth $1,476,000 after buying an additional 6,080 shares during the period. Summit Global Investments boosted its stake in Matson by 78.0% in the 3rd quarter. Summit Global Investments now owns 10,425 shares of the shipping company's stock worth $1,487,000 after buying an additional 4,567 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Matson by 7.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,079 shares of the shipping company's stock valued at $1,437,000 after buying an additional 703 shares during the period. 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.