Matson, Inc. (NYSE:MATX) Director Purchases $307,563.52 in Stock

Matson, Inc. (NYSE:MATX - Get Free Report) Director Bradley D. Tilden acquired 2,752 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were bought at an average cost of $111.76 per share, with a total value of $307,563.52. Following the completion of the acquisition, the director now directly owns 8,180 shares in the company, valued at approximately $914,196.80. This represents a 50.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Matson Price Performance

NYSE MATX traded up $1.76 during trading hours on Tuesday, reaching $113.49. 309,399 shares of the stock traded hands, compared to its average volume of 341,784. The stock has a 50 day simple moving average of $108.85 and a two-hundred day simple moving average of $129.62. Matson, Inc. has a 1 year low of $91.75 and a 1 year high of $169.12. 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 company has a market cap of $3.70 billion, a price-to-earnings ratio of 9.44 and a beta of 1.30.

Matson (NYSE:MATX - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The shipping company reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.16). The firm had revenue of $782.00 million for the quarter, compared to analysts' expectations of $818.07 million. Matson had a net margin of 12.37% and a return on equity of 16.89%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. On average, analysts predict that Matson, Inc. will post 13.27 EPS for the current fiscal year.

Matson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.20%. Matson's dividend payout ratio is presently 8.96%.

Institutional Trading of Matson

Several large investors have recently bought and sold shares of the company. Inspire Investing LLC boosted its position in Matson by 190.2% during the 1st quarter. Inspire Investing LLC now owns 8,625 shares of the shipping company's stock valued at $1,105,000 after acquiring an additional 5,653 shares in the last quarter. Strs Ohio bought a new stake in Matson during the 1st quarter valued at approximately $1,218,000. Intech Investment Management LLC boosted its position in shares of Matson by 178.8% in the 1st quarter. Intech Investment Management LLC now owns 56,102 shares of the shipping company's stock worth $7,191,000 after purchasing an additional 35,980 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Matson by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 24,459 shares of the shipping company's stock worth $3,135,000 after purchasing an additional 2,492 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Matson in the 1st quarter worth approximately $279,000. 84.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Jefferies Financial Group increased their price target on Matson from $125.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Wall Street Zen downgraded Matson from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Stifel Nicolaus decreased their target price on Matson from $160.00 to $130.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. Finally, Stephens decreased their target price on Matson from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $138.33.

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.